Ranbaxy Laboratories Q4 net loss plunges sharply to Rs 158 crore

Feb 05 2014, 14:39 IST
Comments 0
Shares of the Ranbaxy Laboratories Ltd were trading at Rs 328.70, up 2.16 per cent on the BSE. (AP) Shares of the Ranbaxy Laboratories Ltd were trading at Rs 328.70, up 2.16 per cent on the BSE. (AP)
SummaryRanbaxy Laboratories had recorded a net loss of Rs 454.16 crore in Q3 of this fiscal.

Pharma major Ranbaxy Laboratories Ltd today reported a drastic drop in net loss at Rs 158.48 crore during the fourth quarter ended December 31, 2013.

The company had posted a net loss of Rs 492.44 crore in the corresponding quarter of the last financial year (2012-13), Ranbaxy said in a regulatory filing to the stock exchanges.

It had recorded a net loss of Rs 454.16 crore in Q3 of this fiscal.

Ranbaxy Laboratories' total income from operations of the company rose to Rs 2,893.99 crore from Rs 2,711.21 crore during the same period last year.

Earlier this month, Ranbaxy Laboratories signed an agreement with EPIRUS Switzerland GmbH for BOW015, a biosimilar version of Infliximab, prescribed to treat rheumatoid arthritis.

The product will be introduced in India and other emerging markets soon, the company had said.

Shares of the company were trading at Rs 328.70, up 2.16 per cent on the BSE.

Also check: Markets Top Gainers, Markets Top Losers

Ads by Google

More from Companies

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...