Morepen Labs Q3 results: Net profit rises over two-fold to Rs 24 cr

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Morepen Labs Q3 results: Net profit rises over two-fold to Rs 24 cr


NEW DELHI: Drug firm Morepen Laboratories on Friday reported an over two-fold jump in its consolidated net profit to Rs 23.79 crore for the quarter ended December.

The company had posted a net profit of Rs 10.81 crore for the corresponding period of the previous fiscal, Morepen Labs said in a filing to BSE.

Consolidated total revenue of the company stood at Rs 310.26 crore for the quarter under consideration. It was Rs 234.65 crore for the same period a year ago, it added.

Shares of Morepen Laboratories closed at Rs 30 per scrip on BSE, down 2.12 percent from its previous close.





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