Profit jumps 365.3% to Rs 63.4 crore Vs Rs 13.6 crore. Revenue spikes 263.7% to Rs 241.8 crore Vs Rs 66.5 crore. EBITDA surges 322% to Rs 80 crore Vs Rs 18.96 crore. Margin expands 457 bps to 33.07% Vs 28.5%.
Profit zooms 142.1% to Rs 36 crore Vs Rs 14.9 crore. Revenue grows 62.5% to Rs 480.6 crore Vs Rs 295.7 crore
The company's subsidiaries, Premier Energies International and Premier Energies Photovoltaic, have received multiple orders totalling Rs 560 crore from two large independent power producers (IPPs) and others. These orders include Rs 513 crore for solar modules and Rs 47 crore for solar cells.
The US District Court of New Jersey has granted a preliminary injunction delaying the launch of Leqselvi by Sun Pharma. As a result of this court decision, the company is prohibited from launching Leqselvi until a subsequent favourable court ruling or until the expiration of the patent in the lawsuit, whichever occurs first. The company disagrees with the court's decision and intends to appeal immediately. Leqselvi (deuruxolitinib) is commonly used to treat severe alopecia areata.
The Board has appointed Trilok Chand Saini as Chief Financial Officer. He has also been appointed as the internal auditor of the company until FY27.
Saurabh Jain has resigned from his position as Chief Digital Excellence Officer of the company. He will be relieved of his duties effective January 31, 2025.
Adonmo has raised additional capital from select new investors on September 25, and Zomato did not participate in this fundraising. As a result of the fundraise, Zomato's shareholding in Adonmo has decreased to 17%, down from 19% at the time of its investment in January 2022.
The company will carry out a planned shutdown of its Chikmagalur MDF manufacturing unit, tentatively scheduled from November 5 for 16 days for maintenance work. This is a planned shutdown, and there may not be any revenue loss, as the company has maintained proper inventory to manage it.
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