Drug firm Ipca Laboratories today posted 70.14 per cent decline in net profit at Rs 41.53 crore for the third quarter ended December 31, 2014.
The company had posted a net profit of Rs 139.12 crore during the same period of previous fiscal.
Net sales of the company declined to Rs 734.13 crore during the quarter, as against Rs 821.99 crore during the same period of previous financial year, Ipca Laboratories Ltd said in a filing to the BSE.
For the nine months ended December 31, 2014, the company posted a net profit of Rs 248.32 crore, compared to Rs 340.34 crore during the same period of previous fiscal.