Alkem Laboratories Q3 net up 24.89% at Rs 233 cr

Pharmaceuticals firm Alkem Laboratories today reported 24.89 per cent increase in consolidated net profit at Rs 233.4 crore for the third quarter ended December 31, 2016.

The company had posted a consolidated net profit of Rs 186.89 crore in the same quarter last fiscal, Alkem Laboratories said in a BSE filing.

Total income from operations during the period under review stood at Rs 1,481.92 crore as against Rs 1,287.84 crore in the same quarter last fiscal, up 15 per cent.

Total expenses during the third quarter were higher at Rs 1,240.17 crore as against Rs 1,074.74 per cent in the year ago period.
 

Shares of Alkem Laboratories were trading at Rs 1,811 apiece in the afternoon trade, up 0.03 per cent from the previous close on the BSE.