India's Shilpa Medicare rises after reporting profit in Q4

Shilpa Medicare

24/05/2024 05:36

** Shares of Shilpa Medicare  SHME.NS  rise as much as 4.9% to
530 rupees; last up 2% 
    ** Pharma co reports net PAT of 245 mln rupees (about $3
mln) in March quarter, vs a year-ago loss of 80.4 mln rupees
    ** Revenue from operations up 10.7% Y/Y
    ** EBITDA margin expands to 25% from 15% a year earlier
    ** SHME eyes to snap three straight weeks of losses if
current trends hold 
    ** Including session's gains, stock up 56.9% YTD

($1 = 83.1625 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))