RPG Group's arm RPG Life Sciences today reported a 52 percent plunge in net profit at Rs 2.25 crore for the March quarter against Rs 4.67 crore a year ago, despite halving of its finance cost.
The company also reported a 4.4 percent drop in income at Rs 68.8 crore from Rs 72.02 crore a year ago.
RPG Life Sciences, which is into manufacturing and marketing of pharmaceutical products, did not attribute any reasons for the plunge in net income as well as sales.
For the full year, however, the company reported an over 11-fold spike in net income at Rs 11.62 crore against Rs 1 crore a year ago, while sales rose 18 percent to Rs 274.54 crore from Rs 233.08 crore as its margins jumped by 250 bps to 8.6 percent, the company said in a statement.
Managing Director C T Renganathan said full year numbers were driven by robust growth in domestic formulations and international business.
Focused brands like Minmin and Traicaine have grown by 62 percent during the year.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
