Natco's Q3 net profit up five times to Rs 194.76 crore

Image
Press Trust of India Hyderabad
Last Updated : Feb 14 2017 | 4:32 PM IST
City-based drug maker NATCO Pharma Limited today said its consolidated net profit for the December quarter rose by 425 per cent to Rs 194.76 crore against Rs 37.04 crore during the same quarter last year, on back of US sales.
According to a statement issued by the company, total revenues for the December quarter stood at Rs 685.13 crore up 134 per cent against Rs 293.45 crore during October-December quarter in FY 16.
"The revenue and profit growth for the company during the quarter was driven predominantly by the sales of Oseltamivir product in the US market and includes profit sharing from our marketing partner," the statement added.
Natco shares closed at Rs 778.70 apiece on BSE, up 1.68 per cent over 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: Feb 14 2017 | 4:32 PM IST

Next Story