Ipca Labs Q4 profit doubles to Rs 38 cr, EBITDA jumps 72%

Moneycontrol BureauIpca Laboratories' fourth quarter profit more than doubled to Rs 37.7 crore compared to Rs 16.5 crore in year-ago period, driven by strong operational performance and tax write-back of Rs 19 crore.

Revenue declined to Rs 624.6 crore in January-March quarter compared to Rs 630.6 crore in corresponding period of last fiscal.

Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) shot up 72.2 percent to Rs 63.5 crore and margin expanded by 440 basis points to 10.2 percent in Q4.

At 13:28 hours IST, the scrip of Ipca Laboratories was quoting at Rs 451.00, up Rs 15.05, or 3.45 percent on BSE.