Drug firm Ipca Laboratories on Thursday reported a 31.19 percent decline in its consolidated net profit to Rs 306.67 crore for the quarter ended June 2021, mainly on account of rise in expenses. The company had posted a net profit of Rs 445.68 crore from the continuing operations for the corresponding period of the previous fiscal, Ipca Laboratories said in a regulatory filing.
The consolidated total income of the company stood at Rs 1,586.81 crore for the quarter under consideration. It was Rs 1,546.49 crore for the same period a year ago, it added. Total expenses of the company rose to Rs 1,206.94 crore for the quarter ended June this year. It was Rs 999.85 crore for the year-ago period, Ipca Labs said.
Shares of Ipca Laboratories closed at Rs 2,130.10 per scrip on the BSE, up 2.04 percent from their previous close.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP's Hindi heartland dominance faces test in phase 3 polls
May 2, 2024 9:14 PM
Lok Sabha Election: Re-elections at a Ajmer booth after presiding officer misplaces register of voters
May 2, 2024 4:54 PM