You are here: Home » Companies » Results
Business Standard

Morepen Laboratories Q4 net profit rises over two-fold to Rs 27 cr

Drug firm Morepen Laboratories on Tuesday reported an over two-fold rise in its consolidated net profit at Rs 26.76 crore for the quarter ended March 31, 2021, on account of higher revenue

Topics
Morepen Laboratories | Q4 Results | Morepen Labs profit

Press Trust of India  |  New Delhi 

The numbers don’t look better if lenders and insurance companies are excluded from the sample

Drug firm on Tuesday reported an over two-fold rise in its consolidated net profit at Rs 26.76 crore for the quarter ended March 31, 2021, on account of higher revenue.

The company had posted a net profit of Rs 11.02 crore for the corresponding period of financial year 2019-20.

Its consolidated total revenue stood at Rs 290.76 crore for the quarter under consideration, up 39.53 per cent against Rs 208.38 crore a year ago, said in a regulatory filing.

Shares of were trading 4.95 per cent lower at Rs 65.25 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 04 2021. 13:14 IST
RECOMMENDED FOR YOU
.