Piramal Pharma Share Price: Piramal Pharma shares soar 15% after reporting 4-fold jump in Q2 profit
Shares of Piramal Pharma shot up 15% to its new all-time high of Rs 257.95 on the NSE after the company’s second-quarter profit jumped 4 times to Rs 23 crore against Rs 5 crore in the same quarter of the preceding fiscal year.
The company’s revenue from operations rose to Rs 2,242 crore in the second quarter as compared to Rs 1,911 crore in the year-ago period — 17% YoY growth — primarily driven by robust growth in CDMO business.
Meanwhile, the EBITDA grew by 28% YoY with an EBITDA margin of 18%, a YoY improvement of about 150 bps, driven by operating leverage, cost optimisation initiatives and a superior revenue mix.
“We continue our momentum of delivering healthy revenue growth accompanied by YoY EBITDA margin expansion. This…
