Categories AlphaGraphs, Earnings

Hikal Ltd Q1FY24; 2% rise in Revenue

Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients and intermediates for its customers. Hikal’s manufacturing facilities have been inspected and approved by leading multinational companies in the Crop protection and Pharmaceutical sectors. The Crop protection facilities are located at Taloja and Mahad {Maharashtra). The Pharmaceutical manufacturing facilities are situated in Jigani (Bengaluru) and Panoli (Gujarat). Hikal’s R & D facilities are located in Pune.

Financial Results:

  • Hikal Ltd reported Revenues for Q1FY24 of ₹388.05 Crores up from ₹378.79 Crore year on year, a rise of 2.44%.
  • Total Expenses for Q1FY24 of ₹379.28 Crores down from ₹393.83 Crores year on year, a fall of 3.69%.
  • Consolidated Net Profit of ₹6.92 Crores from -₹8.86 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.56, from -₹0.72 in the same quarter of the previous year.

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