Genpharmasec Limited Reports Strong Q1 Results with 128% Revenue Growth
Genpharmasec Limited announced robust Q1 FY24 results. Consolidated revenue grew 132% to Rs 1,204.32 lakh, while profit surged 324% to Rs 121.52 lakh. Standalone revenue increased 128% to Rs 1,211.32 lakh, with profit up 165% to Rs 155.92 lakh. The pharmaceutical segment remained the primary revenue driver, contributing Rs 1,167.09 lakh. The company's Board approved these results on August 7, and confirmed no deviation in the use of proceeds from its rights issue.

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Genpharmasec Limited , a prominent player in the pharmaceutical and laboratory testing sectors, has announced its unaudited financial results for the first quarter, ending June 30. The company has demonstrated robust growth across key financial metrics on both standalone and consolidated bases.
Standalone Performance
On a standalone basis, Genpharmasec Limited reported impressive growth in its revenue from operations. The company's revenue surged to Rs 1,211.32 lakh, marking a significant increase of 128% compared to Rs 530.29 lakh in the same quarter of the previous year.
The company's profitability also saw substantial improvement. Profit for the period rose to Rs 155.92 lakh, up from Rs 58.87 lakh, representing a remarkable growth of 165%.
Consolidated Results
Genpharmasec's consolidated performance mirrored its standalone success. The consolidated revenue from operations reached Rs 1,204.32 lakh, compared to Rs 519.50 lakh in the previous year's quarter, showcasing a strong growth of 132%.
Consolidated profit for the period stood at Rs 121.52 lakh, a significant increase from Rs 28.68 lakh, reflecting a growth of 324%.
Segment-wise Performance
The company operates primarily in two segments: pharmaceuticals and laboratory testing. The pharmaceutical segment continued to be the major revenue driver, contributing Rs 1,167.09 lakh to the consolidated revenue. The laboratory testing segment, operated through its subsidiary Clinigenome India Private Limited, generated revenue of Rs 37.24 lakh.
Financial Highlights
Particulars (in Rs lakh) | Q1 (Consolidated) | Q1 (Previous Year) | YoY Growth |
---|---|---|---|
Revenue from Operations | 1,204.32 | 519.50 | 132% |
Total Income | 1,273.80 | 576.20 | 121% |
Profit Before Tax | 124.61 | 48.70 | 156% |
Profit for the Period | 121.52 | 28.68 | 324% |
Other Key Developments
The company's Board of Directors, in a meeting held on August 7, reviewed and approved these unaudited financial results. The meeting commenced at 2:00 p.m. and concluded at 2:50 p.m.
Genpharmasec Limited also reported that there has been no deviation in the use of proceeds from its rights issue, as confirmed in its statement to the BSE Limited.
Conclusion
Genpharmasec Limited's quarterly results demonstrate the company's ability to achieve significant growth in both revenue and profitability. The substantial year-over-year increases in key financial metrics reflect the company's strong market position and operational efficiency in the pharmaceutical and laboratory testing sectors.
Historical Stock Returns for Genpharmasec
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.57% | -0.51% | -4.43% | -3.96% | -42.94% | -71.55% |