IOL Chemicals and Pharmaceuticals net profit grows 32 Percent YoY

Sharing is caring!

August 2023, New Delhi:

IOL Chemicals and Pharmaceuticals Ltd, a leading manufacturer of pharmaceutical APIs and specialty chemicals, announced its financial results for the first quarter ended June 30, 2023.

Q1FY24 Financial Highlights

Commenting on the performance, Mr Vikas Gupta, Joint Managing Director, said “We are pleased to report sustainable performance during the 1st quarter of FY24, tackling present challenges while positioning ourselves for forthcoming opportunities. We are hopeful for an increased presence in the regulatory market as the Company got CEP for paracetamol. Additionally, with the commencement of the Acetic Anhydride plant, focus on improved efficiencies, product mix, and timely execution we are hopeful to generate strong cash flow”.