STOCK MARKET BSE NSE

RPG Life Sciences Net Plunges 52%

The company also reported a 4.4 per cent drop in income at Rs 68.8 crore from Rs 72.02 crore a year ago.

Published: 30th April 2016 04:03 PM  |   Last Updated: 30th April 2016 04:03 PM   |  A+A-

By PTI

MUMBAI: RPG Group's arm RPG Life Sciences today reported a 52 per cent 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 per cent 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 1crore a year ago, while sales rose 18 per cent to Rs 274.54

crore from Rs 233.08 crore as its margins jumped by 250 bps to 8.6 per cent, 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 per cent during the year.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp