IPCA Lab Q1 net profit down 30 pc

The company had posted a net profit of Rs 61.67 crore in the corresponding period last year

Written by Agencies | New Delhi | Published: July 31, 2012 10:09:53 pm

IPCA Laboratories on Tuesday reported 30.31 per cent decline in its net profit for the quarter ended June 30,2012,at Rs 42.98 crore.

The company had posted a net profit of Rs 61.67 crore in the corresponding period last year,Ipca Laboratories said in a filing to the BSE.

The net income during the first quarter of this fiscal,however,increased by 19.72 per cent to Rs 634.40 crore from Rs 529.90 crore in the year-ago period,it added.

Reacting to the numbers,shares of Ipca Laboratories were trading 0.15 per cent down at Rs 397.70 apiece on the BSE during afternoon.

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