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Hester Biosciences Ltd Q1FY24; 88% rise in Profits

Hester Biosciences Ltd is one of the leading animal health care companies & the second largest poultry vaccine manufacturer in India. Founded by Mr. Rajiv Gandhi in 1987, it has now a presence in over 30 countries & has a key market in India, Nepal & Tanzania
Partners with Bill & Melinda Gates Foundation, GALVmed, Golchha Organisation, Novapharma, etc.
Also, provides services like seroprofiling kits and diagnostic labs for poultry flocks, and mastitis control programs for cattle.

Financial Results:

  • Hester Biosciences Ltd reported Revenues for Q1FY24 of ₹87.85 Crores up from ₹50.70 Crore year on year, a rise of 73.27%.
  • Total Expenses for Q1FY24 of ₹81.46 Crores up from ₹49.93 Crores year on year, a rise of 63.15%.
  • Consolidated Net Profit of ₹6.71 Crores up 88.48% from ₹3.56 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹6.90, up 47.75% from ₹4.67 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: bioscience
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