Natco Pharma Apr-Jun quarter net jumps 70% to Rs 47.65 cr

Its consolidated net sales were up 38.02 percent to Rs 297.71 crore during the period under review

|Aug 09, 2016, 17:01:51 IST

New Delhi: Natco Pharma Tuesday reported 69.75 percent increase in consolidated net profit to Rs 47.65 crore for the first quarter ended June 30, 2016.[caption id="attachment_298621" align="alignleft" width="380"] Reuters[/caption]The company had reported a net profit of Rs 28.07 crore for the April-June quarter of the last fiscal.Its consolidated net sales were up 38.02 percent to Rs 297.71 crore during the period under review as against Rs 215.69 crore in the corresponding quarter of previous fiscal, Natco Pharma informed BSE.Meanwhile in a separate filing, Natco Pharma said that its board in a meeting held today recommended payment of an interim dividend of Rs 0.75 on each equity share of Rs 2 each for 2016-17.Shares of Natco Pharma ended 1.65 percent down at Rs 625.80 on BSE.

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