Natco Pharma quarter 2 net up 28 pct at Rs 27 cr

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Natco Pharma posted 28.25 per cent increase in consolidated net profit at Rs 26.92 crore for the second quarter (Reuters) Natco Pharma posted 28.25 per cent increase in consolidated net profit at Rs 26.92 crore for the second quarter (Reuters)
SummaryNatco Pharma had posted net profit of Rs 20.99 crore during the July-September quarter of previous fiscal

Drug firm Natco Pharma today posted 28.25 per cent increase in consolidated net profit at Rs 26.92 crore for the second quarter ended September 30, 2013-14.

It had posted net profit of Rs 20.99 crore during the July-September quarter of the previous fiscal, 2012-13.

Net sales of the company, however, declined to Rs 162.91 crore during Q2, 2013-14, compared to Rs 169.16 crore during the same period of the previous fiscal, Natco Pharma said in a filing to the BSE.

"The growth has been driven by value added formulation exports during the quarter," it added.

Shares of Natco Pharma today closed at Rs 792.45 apiece on the BSE, up 4.02 per cent from its previous close.

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