Sharon Bio Q1 net up 49% to Rs 10 cr

Drug firm Sharon Bio Medicine today reported 49.38% increase in net profit to Rs 9.68 crore for the quarter ended September 30, 2011.

The company had posted a net profit of Rs 6.48 crore for the quarter ended September 30, 2010 Sharon Bio Medicine said in a filing to Bombay Stock Exchange (BSE).

Net sales of the company rose to Rs 174.36 crore for the quarter ended September 30, 2011 as against Rs 137.41 crore for the corresponding period previous fiscal.

Shares of Sharon Bio Medicine today closed at Rs 322 on the BSE, up 0.63% from its previous close.