Pharma major IOL Chemicals and Pharmaceuticals Ltd on Tuesday (February 6) reported a 4.1% year-on-year (YoY) decline in net profit at ₹23.2 crore for the third quarter that ended December 31, 2023.
In the corresponding quarter last year, IOL Chemicals and Pharmaceuticals posted a net profit of ₹24.2 crore, the company said in a regulatory filing. The company's revenue from operations remained flat at ₹528.8 crore as against ₹528.8 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA increased 6.4% to ₹52.9 crore in the third quarter of this fiscal over ₹49.7 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 10.0% in the reporting quarter as compared to 9.4% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The board has declared an interim dividend of ₹5 (50%) per equity share of face value ₹10 each for the financial year 2023-24. The company has fixed February 16, 2024, as the record date to determine the names of the equity shareholders, who shall be entitled to receive the above said interim dividend.
The payment of the interim dividend shall be made to the eligible shareholders within 30 days of the declaration of the dividend, IOL Chemicals and Pharmaceuticals said.
The results came after the close of the market hours. Shares of IOL Chemicals and Pharmaceuticals Ltd ended at ₹443.50, up by ₹6.80, or 1.56% on the BSE.
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