Alembic Pharma Q3 net profit zooms 4-fold to Rs 269 cr

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2016 | 6:42 PM IST
Alembic Pharmaceuticals today reported nearly 4-fold jump in its consolidated net profit to Rs 269.49 crore for the quarter ended December 31, mainly on account of robust sales in the overseas market.
The company had posted net profit after tax and share of profit/loss of associates of Rs 70.66 crore for the October- December period of the previous fiscal, Alembic said in a filing to the BSE.
Consolidated total income from operations of the company rose to Rs 921.73 crore for the October-December quarter of the current fiscal, as against Rs 511.78 crore for the year ago period.
Alembic's Joint MD Shaunak Amin said: "We have seen exceptional growth in all our businesses. The US business continues to outperform on the back of Aripiprazole generic launch."
The company stock closed at Rs 625.65, up 6.48 per cent, on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 21 2016 | 6:42 PM IST

Next Story