Ajanta Pharma Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

Ajanta Pharma will hold a meeting of the Board of Directors of the Company on 2 May 2024.

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Revenue from operations jumped 13.72% year on year (YoY) to Rs 1,105.15 crore in the quarter ended 31 December 2023.

During the quarter, EBITDA stood at Rs 314 crore as against Rs 170 crore posted in corresponding quarter last year.

In Q3 FY24, revenue from India stood at Rs 308 crore (up 5% YoY), Asia was at Rs 292 crore ( up 28% YoY), Africa stood at Rs 155 crore (up 7% YoY) while revenue from United States was at Rs 252 crore ( down 5% YoY).

The company stated that it R&D expenses were at Rs 52 crore in Q3 FY24 as compared with Rs 61 crore posted in Q3 FY23, up 5% of revenue.

Meanwhile, the company’s board has approved second interim dividend of Rs 26 per share for financial year 2023-2024. The record date for the dividend is fixed on Thursday, 8 February 2024. The payment of the dividend will be on or after 19 February 2024.

Ajanta Pharma is a specialty pharmaceutical formulation company primarily with a well-diversified branded generics business spread across India, the Rest of Asia, and Africa. The company is involved in development, manufacturing and marketing of marketing of quality finished dosages in domestic and international markets. It produces a comprehensive range of specialty products targeting different therapeutic segments.

The scrip rose 0.07% to Rs 2,171.50 on the BSE.

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Net profit of Ajanta Pharma rose 56.14% to Rs 210.03 crore in the quarter ended December 2023 as against Rs 134.51 crore during the previous quarter ended December 2022. Sales rose 13.73% to Rs 1105.15 crore in the quarter ended December 2023 as against Rs 971.77 crore during the previous quarter ended December 2022.

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Ajanta Pharma has fixed 08 February 2024 as record date for 2nd interim dividend.

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