Unichem Lab falls on weak Q1 earnings - The New Indian Express

Unichem Lab falls on weak Q1 earnings

Published: 14th July 2014 11:19 AM

Last Updated: 14th July 2014 11:19 AM

Unichem Laboratories shares fell on Monday after the company declared a sharp drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 16.34% to Rs 302 million from Rs 361 million in the same quarter last year.

Net sales for the quarter rose 9.56% to Rs 2,910 million, compared with Rs 2,656 million for the prior year period.

Shares of the company are trading at Rs 189.40, down Rs 6.2, or 3.17% at the Bombay Stock Exchange (BSE) on Monday at 10:38 a.m.The scrip has touched an intra-day high of Rs 196 and low of Rs 187. The total volume of shares traded at the BSE is 6,760.

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