Latest News | BIZ-STOCKS-NATCO PHARMA Natco Pharma Shares Fall 4 Pc After Q4 Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of Natco Pharma on Wednesday fell 4 per cent after the company reported a 22.59 per cent decline in consolidated net profit for the quarter ended on March 31, 2020.
New Delhi, Jun 17 (PTI) Shares of Natco Pharma on Wednesday fell 4 per cent after the company reported a 22.59 per cent decline in consolidated net profit for the quarter ended on March 31, 2020.
The stock declined 4.04 per cent to close at Rs 613.40 on the BSE. During the day, it fell 4.72 per cent to Rs 609.
On the NSE, shares of the company dipped 4 per cent to settle at Rs 614 per unit.
Natco Pharma on Wednesday reported a 22.59 per cent decline in its consolidated net profit at Rs 93.2 crore for the quarter ended on March 31, 2020.
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The company had posted a net profit of Rs 120.4 crore for the corresponding period of the previous fiscal, Natco Pharma said in a BSE filing.
Consolidated total income of the company for the quarter under consideration stood at Rs 477.2 crore. It was Rs 486.7 crore for the same period a year ago, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)