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Ipca Laboratories Q2 profit up 38% at Rs 267 crore

The company had posted a net profit of Rs 193.5 crore for the year-ago period.

November 07, 2020 / 07:32 PM IST
 
 
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Drug maker Ipca Laboratories on Saturday reported 38 percent rise in consolidated net profit at Rs 266.7 crore for the second quarter ended September 30, 2020.

The company had posted a net profit of Rs 193.5 crore for the year-ago period.

Revenue from operations rose to Rs 1,361.1 crore in the quarter as against Rs 1,283.9 crore in the same period a year ago, Ipca Labs said in a regulatory filing.

On a standalone basis, the company posted a net profit of Rs 275.68 crore, up 41 percent from Rs 196.02 crore in July-September 2019-20.

The company’s board has declared an interim dividend of Rs 8 per share (400 percent) for 2020-21, Ipca Labs said.
PTI
first published: Nov 7, 2020 07:32 pm

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