Jyothy Labs: Due to strong Q1 results, shares reached a 52-week high

The share price of Jyothy Labs reached a 52-week high of Rs 312.15 on July 26, gaining 7% the day after the company released positive financial results for the quarter ending in June 2023.

Jyothy Labs announced a consolidated net profit of Rs 96.25 crore on July 25 for the quarter ended in June, an increase of 101.6% from the Rs 47.73 crore reported a year earlier.

The company announced that its consolidated income from operations increased by 15% year over year (YoY), from Rs. 597.20 crore to Rs. 687.10 crore.

According to the company's investor presentation, operating EBITDA is now at 17.1% (Rs 117.4 crore), up from 10% (Rs 59.8 crore) in the same time previous year. This represents a rise of 96.3%.

Source: Media Reports