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( As on 11/08/2017 14:57) Ipca Laboratories posts Q1 net loss of Rs 20.25 cr

The company reported standalone net loss during the quarter stood at Rs 20.25 crore compared to net profit of Rs 47.57 crore in the previous year quarter. 

Net revenue of the company declined moderately by 13.22 per cent at Rs 712.96 crore in April-June quarter of this fiscal as against Rs 821.53 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 3.11 per cent to Rs 691.44 crore from Rs 713.65 crore in year ago period.

Other Income grew by 26.90 per cent at Rs 6.18 crore versus (Jun'16 Rs 4.87 crore).

Operating Profit slipped by 83.25 per cent to Rs 21.52 crore as against Rs 128.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 80.69 per cent in June quarter.

Interest declined by 61.94 per cent y-o-y to Rs 5.58 crore, while Taxation decreased by 103.34 per cent at Rs -0.97 crore (Jun'16 Rs 29.00 crore).

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