Hester Bio Q3 net profit up 41%

Net sales at Rs 24.17 cr during the quarter, up 10% from previous corresponding period

Ahmedabad-based animal biological and healthcare company Hester Biosciences Ltd posted a 41 per cent rise in net profit the third quarter of the 2015-16 fiscal to Rs 4.76 crore on the back of a 10 per cent growth in net sales during the quarter.

The company's net sales stood at Rs 24.17 crore during the quarter, up 10 per cent from the previous corresponding period.

With poultry vaccines still being the primary contributor towards sales, the recent slump in the poultry industry impacted the sales of poultry vaccines and health products, the company said in its press statement.

Large animal vaccines and health products together have grown by 33% cumulatively in 9 months as compared to last year