IOL Chemicals shares jump 13% after Q2 profit rises 56%, margin expands

Shares of IOL Chemicals and Pharmaceuticals Ltd. surged as much as 13% on Wednesday, November 12, after the company reported a robust set of earnings for the September quarter, with strong growth across all key metrics.

The company's net profit rose 56.3% year-on-year to ₹30 crore, compared with ₹19.2 crore in the same quarter last year.

Revenue increased 8% to ₹567.5 crore from ₹525.8 crore, while EBITDA climbed 37% to ₹57 crore from ₹41.6 crore a year ago.

Operating margins expanded to 10% from 7.9% in the corresponding quarter last year.

The stock was trading with sharp gains on the back of the strong performance.