 "SPARC Q1 net profit at Rs 9.51 cr")
Sun Pharma Advanced Research Company (SPARC) today reported a net profit of Rs 9.51 crore for the quarter ended June 30, 2013.
The company had posted a net loss of 18.32 crore for the corresponding quarter previous fiscal, SPARC said in a statement.
Total income of the company rose to Rs 35.67 crore for the quarter under consideration from Rs 6.38 crore from the same period year ago.
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SPARC was demerged from Sun Pharma as a pharma research and drug discovery company in 2007.
Shares of Sun Pharma Advanced Research Company were today trading at Rs 128.30 apiece in the afternoon trade on BSE, down 5% from their previous close.