Ipca Labs' net dips 20%

Drug firm Ipca Laboratories today said its net profit declined by 19.61 per cent at Rs 36.51 crore for the July-September quarter, compared to Rs 45.42 from the corresponding period last year. Net sales rose to Rs 347.55 crore, from Rs 286.20 crore for the same quarter last year.

For the half-year ended September 30, the company has posted a net profit of Rs 60.14 crore, against Rs 80.14 for the same period corresponding year. Shares of the Ipca Labs were trading at Rs 385, up 8.82 per cent in afternoon trade on the BSE.