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  5. Bharat Rasayan shares hit 20% upper circuit after Q1 profit soars 508%

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Bharat Rasayan shares hit 20% upper circuit after Q1 profit soars 508%

Upstox
By Upstox News Desk

1 min read | Updated on August 09, 2024, 10:26 IST

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SUMMARY

The consolidated net profit of Bharat Rasayan rose 508.1% to ₹43.1 crore in the latest June quarter as against ₹7 crore in the year-ago period.

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BHARATRAS
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Bharat Rasayan shares were trading at ₹12,815.1, up 20%, to hit upper circuit on the NSE.

Chemical manufacturer Bharat Rasayan's shares hit their upper circuit on Friday after consolidated profit after tax (PAT) jumped 508.1% in the first quarter of financial year 2024-25.

The stock was trading at ₹12,815.1, up 20%, to hit upper circuit on the NSE in the morning trade. It gained 20% to ₹12,808.8 on the BSE.

The consolidated PAT of Bharat Rasayan rose 508.1% to ₹43.1 crore in the latest June quarter as against ₹7 crore in the year-ago period.

The revenue from operations rose 17.9% to ₹282.2 crore in Q1 FY25 as against ₹239.2 crore in the correspoding period last year.

The company's market capitalisation stood at ₹5,325 crore whil the free float m-cap was ₹1,224.7 crore.

Established in 1989, Bharat Rasayan is a chemical manufacturing company that produces Grignard reagents, fatty acid anhydrides, pharmaceutical intermediates, esters, and solvents.

It is one of the largest manufacturers of cosmetic ingredients, including personal care (hair care, skin care, and antibacterial) preservatives.

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