Ipca Lab Q1 net profit down 30%

Ipca Laboratories today reported 30.31% decline in its net profit for the quarter ended June 30, 2012, at Rs 42.98 crore.

The company had posted a net profit of Rs 61.67 crore in the corresponding period last year, Ipca Laboratories said in a filing to the BSE.

The net income during the first quarter of this fiscal, however, increased by 19.72% to Rs 634.40 crore from Rs 529.90 crore in the year-ago period, it added.

Reacting to the numbers, shares of Ipca Laboratories were trading 0.15% down at Rs 397.70 apiece on the BSE during afternoon.