Hot Pursuit     29-Jul-19
Eris Lifesciences gains after decent Q1 results
Eris Lifesciences was up 1.18% to Rs 406.7 at 10:05 IST on the BSE after net profit rose 18% to Rs 84.05 crore on 10% rise in net sales to Rs 271.89 crore in Q1 June 2019 over Q1 June 2018.

The result was announced on Saturday, 27 July 2019.

Meanwhile, the S&P BSE Sensex was up by 75.79 points or 0.19% to 37,807.83.

On the BSE, 2717 shares were traded in the counter so far compared with average daily volumes of 2133 shares in the past two weeks. The stock had hit a high of Rs 425.1 and a low of Rs 400.55. The stock hit a 52-week high of Rs 798.8 on 27 August 2018 and a 52-week low of Rs 390 on 24 July 2019.

The company's consolidated earnings before interest tax depreciation and amortization (EBITDA) increased 18% to Rs 104.5 crore in Q1 June 2019 over Q1 June 2018.

The consolidated EBITDA margin rose to 38.1% from 35.3% in Q1 June 2019 over Q1 June 2018.

Eris Lifesciences is engaged in developing, manufacturing and commercializing branded pharmaceutical products in select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.

Previous News
  Board of ERIS Lifesciences approves composite scheme of arrangement
 ( Corporate News - 21-May-24   18:42 )
  Board of ERIS Lifesciences approves NCD issuance up to Rs 1250 cr
 ( Corporate News - 21-May-24   18:40 )
  ERIS Lifesciences standalone net profit declines 55.02% in the March 2024 quarter
 ( Results - Announcements 21-May-24   17:47 )
  ERIS Lifesciences to convene board meeting
 ( Corporate News - 11-Jan-23   10:23 )
  Dr. Reddy's Laboratories sells non-core dermatology brands
 ( Corporate News - 17-Mar-23   13:48 )
  Eris Lifesciences fixes record date for interim dividend
 ( Market Beat - Reports 05-Aug-20   10:15 )
  DRL inks pact with Eris Life to divest certain non-brands
 ( Hot Pursuit - 17-Mar-23   10:23 )
  ERIS Lifesciences consolidated net profit rises 8.47% in the March 2024 quarter
 ( Results - Announcements 21-May-24   17:48 )
  Volumes jump at ERIS Lifesciences Ltd counter
 ( Hot Pursuit - 29-Sep-23   14:30 )
  ERIS Lifesciences to conduct board meeting
 ( Corporate News - 25-Jun-20   15:55 )
  ERIS Lifesciences announces board meeting date
 ( Corporate News - 30-Jul-22   12:12 )
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