Mankind Pharma share news: Mankind Pharma share price jumped over 8% on Thursday’s trade after pharmaceutical company reported strong Q1FY24 numbers on Wednesday. Mankind Pharma share price opened at ₹1,890 apiece on BSE, and Mankind Pharma stock price was hovering near its 52-week high level.
Mankind pharma Q1 results posted record quarter in all aspects. Revenues grew 18% year-on-year to ₹2,579 crore, whereas its EBITDA grew 43% to ₹660 crore (EBITDA margins expanded 450 bps to 25.6%). Subsequently, profit after taxes (PAT) grew 66% to ₹494 crore. The company improved its net cash position to ₹1,727 crore in Q1 (from ₹1366 crore).
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