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IPCA Laboratories reports 3.49% rise in Q2 net profit

24 Oct 2013 Evaluate

IPCA Laboratories has reported results for the second quarter ended September 30, 2013.

The company has reported 3.49% rise in its net profit at Rs 129.45 crore for the quarter as compared to Rs 125.09 crore for the same quarter in the previous year. Total income of the company has increased by 10.24% at Rs 846.70 crore for quarter under review as compared to Rs 768.08 crore for the quarter ended September 30, 2012.

Ipca Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations. It operates in 110 countries and its export accounts for 50% of the company’s income. Worldwide the company is one of the largest suppliers of APIs and intermediates. The company holds leadership position in Anti-malarial and Rheumatoid Arthritis area.

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