Venus Remedies Q3 net up 55% at Rs 16 cr

Drug firm Venus Remedies today posted a 55.37% increase in net profit at Rs 16.05 crore for the third quarter ended December 31, 2012.

The company had posted a net profit of Rs 10.33 crore for the corresponding period of previous fiscal.

Net sales of the company rose to Rs 111.62 crore for the third quarter, as against Rs 94 crore for the corresponding period of previous fiscal.

Shares of Venus Remedies today closed at Rs 247.15 on the BSE, down 1.24% from their previous close.