Sanofi hits a new high
By Ruma Dubey
about 3 years ago
Sanofi India posted a great set of earnings for Q3FY20, pushing the stock to hit a new high today at Rs.7637.55, a jump of over 9% from its previous close. Its 20% UC for today is at Rs.8401.60.
Purely on operating efficiencies, the company posted a 23% (YoY) rise in net profit at Rs.97 crore on a 14% jump in revenue from operations at Rs.826 crore.
Costs were also under control which is evident from the EBITDA, which rose 30% to Rs.177.50 crore and margins jumped up from 18.9% to 21.5%.
The stock is among the top five gainers on the BSE since the opening bell.