Ipca Labs Q2 profit zooms over 4-fold to Rs 55 cr

Image
Press Trust of India New Delhi
Last Updated : Nov 11 2016 | 2:02 PM IST
Drug firm Ipca Laboratories today reported an over four-fold jump in standalone net profit to Rs 54.95 crore for the second quarter ended September 30.
The company had posted a net profit of Rs 12.34 crore for the corresponding period of the previous fiscal, Ipca Laboratories said in a filing to BSE.
Standalone total income from operations also rose to Rs 885.06 crore for the quarter under review as against Rs 753.72 crore for the same period year ago.
The Indian formulations income jumped 23 per cent to Rs 404.36 crore in the July-September quarter from Rs 328.16 crore in the same period last year, Ipca laboratories said.
The exports income was also up by 10 per cent to Rs 410.36 crore for the second quarter as against Rs 374.53 crore for the same period year ago, it added.
Shares of Ipca Laboratories were trading at Rs 594 per scrip in the afternoon trade on BSE, up 0.25 per cent from its previous close.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 11 2016 | 2:02 PM IST

Next Story