Jyothy Labs surges on reporting 19% rise in Q1 consolidated net profit

Jyothy Labs is currently trading at Rs. 168.95, up by 4.70 points or 2.86% from its previous closing of Rs. 164.25 on the BSE.

The scrip opened at Rs. 164.20 and has touched a high and low of Rs. 174.75 and Rs. 164.05 respectively. So far 52878 shares were traded on the counter.

Jyothy Labs
Jyothy Labs

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 182.80 on 08-Sep-2021 and a 52 week low of Rs. 130.00 on 25-Feb-2022.

Last one week high and low of the scrip stood at Rs. 175.40 and Rs. 163.35 respectively. The current market cap of the company is Rs. 6189.30 crore.

The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 29.61% and 7.50% respectively.

Jyothy Labs has reported a rise of 30.18% in its net profit at Rs 52.19 crore for the quarter ended June 30, 2022 as compared to Rs 40.09 crore for the same quarter in the previous year. Total income of the company increased by 13.85% at Rs 599.75 crore for Q1FY23 as compared Rs 526.78 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 18.73% in its net profit at Rs 47.73 crore for the quarter ended June 30, 2022 as compared to Rs 40.20 crore for the same quarter in the previous year. Total income of the company increased by 15.19% at Rs 610.43 crore for Q1FY23 as compared Rs 529.95 crore for the corresponding quarter previous year.

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