Ranbaxy surges on lower losses in Q4
Company reported lower loss for the quarter ended December 2013 on the back of higher US sales
The pharma major reported a lower loss of Rs 158.94 crore for the fourth quarter ended December 2013 compared with Rs 492.44 crore in the same quarter last year.
Consolidated sales of the company increased 7% to Rs 2860 crore in Q4 December 2013 compared with the same quarter in 2012.
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Earnings before interest, taxation, depreciation and amortization (EBITDA) stood at Rs 270 crore in Q4 December 2013.
Over 13 million shares were traded on both the stock exchanges so far.