Pharma Penny Stock Under Rs 60 Jumps After Reporting a 33 Per Cent Jump In PAT
From Rs 43.42 per share (52-week low) to Rs 55.66 per share, the stock is up by 28.2 per cent.
Today, shares of Sigachi Industries Ltd jumped 7 per cent to Rs 55.66 per share from its previous closing of Rs 51.98 per share. The company has a market cap of over Rs 1,700 crore and has delivered good profit growth of 25 per cent CAGR over the last 5 years.
Sigachi Industries Limited, a publicly traded pharmaceutical company listed on NSE and BSE, is a global leader in providing high-quality excipients, vitamin-mineral nutrient blends, APIs, and O&M services. With over 35 years of industry expertise, Sigachi has built a strong reputation as a trusted partner for pharmaceutical and nutraceutical companies worldwide. They specialize in innovative solutions for food stability, fortification, and nutrition, offering tailored blends of vitamins, minerals, and other ingredients to meet the evolving needs of consumers. By utilizing advanced technologies like blending, encapsulation, and spray drying, Sigachi empowers food manufacturers to create products with superior taste, quality, and nutritional value, contributing to a healthier and happier world.
The company announced positive Quarterly Results (Q3FY25) and nine-month results (9MFY24). According to quarterly results, revenue increased by 26 per cent to Rs 139.42 crore, EBITDA increased by 45 per cent to Rs 35.19 crore and consolidated net profit increased by 33 per cent to Rs 21.35 crore in Q3FY25 compared to Q3FY24. In its nine-month results, revenue increased by 22 per cent to Rs 360.03 crore, EBITDA increased by 39 per cent to Rs 89.75 crore and consolidated PAT increased by 33 per cent to Rs 56.29 crore in 9MFY25 compared to 9MFY24.
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Earlier, the company achieved a GAIN (Global Alliance for Improved Nutrition) audit certification. This underscores Sigachi's commitment to producing high-quality, safe, and nutritionally enriched products that meet stringent global standards. By aligning with GAIN's mission of ensuring access to nutritious food for all, Sigachi strengthens its position in the growing global premix market, valued at USD 5.1 Billion in 2021 and projected to reach USD 6.2 Billion by 2026. Driven by increasing health consciousness and global fortification programs, demand for fortified foods and beverages is surging. With a 9000 MT/installed capacity certified by GAIN and a global reach across 65 countries, Sigachi's BaseBlend Vitamin and Mineral Premixes are now poised to serve customers worldwide with the highest quality assurance.
From Rs 43.42 per share (52-week low) to Rs 55.66 per share, the stock is up by 28.2 per cent. Investors should keep an eye on this small-cap pharma stock.
Disclaimer: The article is for informational purposes only and not investment advice.