Source: CNBCTV18
Shares of Emcure Pharmaceuticals Ltd. gained as much as 8% on Thursday, May 22, after the company's fourth quarter results.
The company's net profit for the quarter surged 64% year-on-year to â¹189 crore, compared to a profit of â¹115 crore during the same quarter last year.
Revenue for the period also rose on a year-on-year basis to â¹2,116 crore from â¹1,771 crore, implying a 20% growth.
The board recommended a final dividend of â¹3 per equity share of face value of â¹10 each (at the rate of 30%) for the financial year ended March 31, 2025.
This will be subject to approval of the members of the company at the ensuing Annual General Meeting of the company. The dividend, once approved, will be paid within the prescribed timeline under the Companies Act, 2013.
Shares of Emcure Pharmaceuticals Ltd are trading 8.14% higher after the results announcement at â¹1,161. Despite today's gain, the stock is down 21% so far in 2025.
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