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Unichem Labs Q3 net profit at Rs 25 bn

Shares of Unichem Laboratories on Monday closed at Rs 369.25 per scrip on BSE, up 5%

Press Trust of India  |  New Delhi 

Prakash Mody, Chairman, Unichem Lab
Prakash Mody, Chairman, Unichem Lab

on Monday reported a standalone net profit of Rs 25.07 billion for the third quarter ended December 31, mainly on account of sale of the company's domestic pharma business in and to

The company had posted a net profit of Rs 261 million for the corresponding period of the previous fiscal, said in a filing to

Standalone total stood at Rs 1,658.2 million for the quarter under review. It was at Rs 1,598.2 million for the same period a year ago.

The company also said its board has approved the buyback proposal for the purchase of its 20.6 million equity for an aggregate amount not exceeding Rs 8,858 million from the shareholders of the company.

The board noted the intention of the promoters and promoter group of the company to participate in the proposed buyback.

of on Monday closed at Rs 369.25 per scrip on BSE, up 5.03 per cent from the previous close.

(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.)

First Published: Mon, January 08 2018. 18:26 IST