Ajanta Pharma is a huge gainer today, figuring among the top five gainers on the BSE. The stock opened higher by 5% at Rs.1252, going on to hit a new 52-week high at Rs.1322.85, a rise of almost 11%.
The market is very happy with its financial performance wherein on a 35% (YoY) rise in total revenue at Rs.643 crore, it posted a net profit of Rs.108 crore, a huge jump of 61%.
Domestic sales rose 12% and exports by 47%. Its spend on R&D was at Rs.35 crore, 5% of revenue, down from previous Q3 spend of 9%.
EBITDA was up 73% at Rs.186 crore and margins showed a smart jump from 22.13% to 28.6%.