Share Market News: Sigachi Industries Announces Q4 Results; PAT Zooms Over 100 Percent

Share Market News: Pharmaceuticals company Sigachi Industries has announced its Q4 FY2024 results. According to an exchange filing, the profit of the company more than doubled on account of higher income.
According to quarterly results, revenue increased by 43.8 per cent to Rs 104.13 crore Profit Before Tax increased by 66.6 per cent to Rs 17.21 crore and Profit After Tax increased by 114.6 per cent to Rs 15.17 crore in Q4FY24 compared to Q4FY23.
In its annual results, revenue increased by 32.1 per cent to Rs 398.96 crore Profit Before Tax increased by 28.1 per cent to Rs 69.77 crore and Profit After Tax increased by 31.5 per cent to Rs 57.27 crore in FY24 compared to FY23.
Earlier, Sigachi Industries announced the formation of a joint venture (JV), Sigachi Global, to enter the growing UAE food and pharma market.
The company’s shares jumped 3.3 per cent to an intraday high of Rs 75.45 per share from its previous closing of Rs 73.04.