Neuland Laboratories shares jump over 6% after 975% YoY surge in Q1 profit
Shares of Neuland Laboratories rose over 6% to Rs 21,200 on the BSE on Thursday after the company reported a sharp jump in its June quarter earnings. Its profit after tax surged 975% year-on-year to Rs 147.4 crore in Q1 FY27, compared with Rs 13.7 crore a year ago.The company released its Q1 results in the post-market hours on Wednesday.Total income of the company stood at Rs 650.1 crore, up 116.3% from Rs 300.6 crore in the corresponding quarter of the previous year. The company’s EBITDA saw a 448.2% year-on-year jump to Rs 231.1 crore, as compared to Rs 42.1 crore in the June quarter of the