Natco Pharma Q3 net profit rises 24%

Natco Pharma today reported a 23.91% increase in its consolidated net profit at Rs 17 crore for the quarter ended December 31, 2011.

The company had posted a net profit of Rs 13.72 crore in the same period of the last financial year, Natco Pharma said in a filing to the Bombay Stock Exchange (BSE).

The consolidated total income during the third quarter also went up by 22.89% to Rs 145.43 crore from Rs 118.34 crore in the year-ago period, it added.

The board of directors also declared an interim dividend of Rs 3 per equity share of Rs 10 each for 2011-2012.

 

The shares of the company today closed 1.04% lower at Rs 272.20 apiece on the BSE.