The company had posted a net profit after taxes at Rs 91.61 crore in the same period a year ago
The stock tanked 14% to Rs 870 on the BSE in early morning trade.
Ankleshwar plant is the third such facility to face action
The facilities are at Chikalthana and two units at Waluj in Maharashtra
The stock dipped 5% to Rs 988, falling 12% from its early morning high of Rs 1,129 touched on the BSE,
Company said it will utilise the money to re-pay or pre-pay term loan availed by it and for general corporate purposes
New IPR policy unveiled last week aims to simplify and expedite patent application processes
Cost control and tax adjustment help drug maker post better numbers despite 6% fall in overall revenue
The company has raised Rs 36 crore from promoter group company Khorakiwala Holdings and Investments Pvt Ltd