{"id":88328,"date":"2023-02-06T14:30:00","date_gmt":"2023-02-06T09:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88328"},"modified":"2023-02-06T15:07:57","modified_gmt":"2023-02-06T09:37:57","slug":"stock-jumps-9-after-it-reports-better-than-expected-net-profit-in-q3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-9-after-it-reports-better-than-expected-net-profit-in-q3\/","title":{"rendered":"Stock jumps 9% after it reports better than expected net profit in Q3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2345090963\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Volumes spurt at Zydus Lifesciences\u2019 counter after the company reported better-than-estimated earnings for the October to December quarter. Its shares gained 9.63 percent to reach an intraday high of \u20b9 476.50 apiece. More than 56 lakh shares changed hands by 01:40 PM&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2206993632\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The drugmaker reported an increase of 19.85 percent in its revenue from operations at \u20b9 4362.3 crores in the October to December quarter of 2022 (Q3FY23), against \u20b9 3639.8 crores in the corresponding quarter last year. Its net profit for the latest quarter rose 24.48 percent to \u20b9 622.9 crores against \u20b9 500.4 crores posted in the corresponding quarter last year.&nbsp;<\/p><p>The shares opened at \u20b9 452.00 apiece, up 3.99 percent on Monday against its previous close of \u20b9 434.65 apiece. Then they rallied to touch a 52-week high of \u20b9 476.50. The company\u2019s share price has increased by nearly 31 percent in the past six months.&nbsp;<\/p><p>Zydus\u2019s US business makes up about 46 percent of the sales. It stood at $ 235 million, indicating a growth of 29 percent from last year. India\u2019s business which makes 40 percent of its sales grew 12.5 percent as compared to last year, and its European business grew in low-to-mid-single-digits while the API business, which makes up for 4 percent of overall sales, saw revenue growth of 14 percent year-on-year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1864924421\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Ahmedabad-based company was formerly known as Cadila Healthcare Limited. It is an Indian multinational pharmaceutical company that is primarily engaged in the manufacturing of generic drugs.&nbsp;<\/p><p>Zydus Lifesciences has a market capitalization of \u20b9 43, 995 crores and is a large-cap company. It has a return on equity of 14.95 percent and an ideal debt-to-equity ratio of 0.15. Its shares were trading at a price-to-equity ratio (P\/E) of 21.47, which is lower than the industry P\/E of 30.05, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3058198311\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Volumes spurt at Zydus Lifesciences\u2019 counter after the company reported better-than-estimated earnings for the October to December quarter. Its shares gained 9.63 percent to reach an intraday high of \u20b9 476.50 apiece. More than 56 lakh shares changed hands by 01:40 PM&nbsp; The drugmaker reported an increase of 19.85 percent in its revenue from operations [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-88328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 9% after it reports better than expected net profit in Q3 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-9-after-it-reports-better-than-expected-net-profit-in-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 9% after it reports better than expected net profit in Q3\" \/>\n<meta property=\"og:description\" content=\"Volumes spurt at Zydus Lifesciences\u2019 counter after the company reported better-than-estimated earnings for the October to December quarter. 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