Par Drugs & Chemicals Q3 Results 2024: Date and Time, Share Price and Target

News: Par Drugs & Chemicals, a prominent player in the biotechnology and drugs sector, recently released its financial results for the third quarter of 2024. Let’s dive into the important details:

Earnings Report

• Revenue: In the fiscal period ending December 2022, Par Drugs & Chemicals achieved a total revenue of ₹22.93 crores.
• Gross Profit: The company’s gross profit stood at ₹12.67 crores.
• Operating Income: Par Drugs & Chemicals reported an operating income of ₹2.49 crores.
• Net Income After Taxes: The net income after taxes amounted to ₹1.87 crores.

Stock Performance

• Share Price: As of January 25, 2024, Par Drugs & Chemicals’ stock price on the BSE was ₹206.30, reflecting a 3.38% increase.
• Sector: The company operates in the biotechnology and drugs sector.

About Par Drugs & Chemicals Company :

Par Drugs & Chemicals Limited is a well-established company that specializes in the development and manufacturing of active pharmaceutical ingredients (APIs). Let’s explore some key details about this company:

Company Overview:

• Name: Par Drugs & Chemicals Limited

• Established: Founded in the year 1999

• Founder: Mr. V.J. Savani, a technocrat with over 20 years of experience in manufacturing antacid raw materials.

Product Portfolio:

Par Drugs & Chemicals produces a diverse range of chemical products, including:

• Magnesium Salts

• Aluminum Salts

• Blended Chemicals

• Amorphous Silicates

• Precipitated Silica

APIs and Fine Chemicals:

• The company manufactures a total of 18 APIs (Active Pharmaceutical Ingredients) and 10 Fine Chemicals.

• These products cater to both domestic and international markets.

Mission and Vision:

• Mission Statement: Enhance the value of customers’ products by delivering high-quality raw materials. Continuously improve quality and production standards while maintaining ethical and transparent practices.

Vision Statement:

• Establish an ultra-modern R&D facility for chemical innovations.

• Optimize production processes without compromising quality.

• Develop new products/formulations for different industry segments.

• Expand into new regions and territories by leveraging existing product lines.

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Investors and stakeholders eagerly await further updates from Par Drugs & Chemicals. Keep an eye out for announcements regarding future targets and growth strategies.

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