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  1. JB Chemicals and Pharmaceuticals shares rise 1.5% on successful USFDA inspection with no observations

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JB Chemicals and Pharmaceuticals shares rise 1.5% on successful USFDA inspection with no observations

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2 min read | Updated on March 10, 2025, 12:14 IST

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SUMMARY

JB Chemicals is a pharmaceutical company focused on manufacturing a wide range of pharmaceutical formulations, APIs and herbal remedies. The company posted a 22% YoY jump in the net profit for Q3FY25 at ₹156 crore. The USFDA issued, form 483 for its Panoli, Gujarat-based facility with no observations.

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JB Chemicals and Pharmaceuticals shares rise 1.5% on successful USFDA inspection with no observations

JB Chemicals and Pharmaceuticals shares rise 1.5% on successful USFDA inspection with no observations

JB Chemicals' share price jumped 1.3% at ₹1,604 apiece on the NSE on Monday morning after the company announced a successful USFDA inspection with no observations.

U.S. Food and Drug Administration (USFDA) has completed inspection of J.B. Chemicals & Pharmaceuticals’ formulations manufacturing facility- T20 located at Plot No. 4, GIDC, Panoli, Gujarat. The inspection was conducted from March 3, 2025 to March 7, 2025. The said audit has been successfully completed by the USFDA with ‘No Observations’ and thus NO Form 483 was issued.

The company remains committed to producing quality products, embedding a quality culture across the organisation, and continuously investing in systems, processes, and employee training so that it can maintain the highest standards of quality and compliance for all its markets.

The company witnessed a 14.17% growth in revenue to ₹ 913.5 crore for the quarter ended December 2024, compared to ₹800 crore during the year-ago period. A strong rise of 22.26% was recorded in Net profit to ₹156.3 crore from ₹127.9 crore. Operating profit for the quarter ended December 2024 rose to ₹252.5 crore, compared to ₹221.3 crore of the corresponding quarter ended December 2023.

J. B. Chemicals & Pharmaceuticals manufactures and markets a wide range of pharmaceutical formulations, herbal remedies, and APIs.

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