Ipca Laboratories Q1 net profit at Rs.34.72 Crores

Ipca Laboratories Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit (after exceptional items) of Rs 347.20 million for the quarter ended June 30, 2007 as compared to Rs 243.40 million for the quarter ended June 30, 2006. Total Income (net of excise & sales tax) has increased from Rs 2220.40 million for the quarter ended June 30, 2006 to Rs 2472.20 million for the quarter ended June 30, 2007.

The stock was trading at Rs.713.90, up by Rs.7.45 or 1.05%. The stock hit an intraday high of Rs.724.90 and low of Rs.710. The total traded quantity was 7131 compared to 2 week average of 3570.

Source : Equity Bulls

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