Strides Arcolab has posted a standalone net profit of Rs 10.06 crore for the quarter ended March 31, 2010. This represents a 53 per cent fall compared to the corresponding period of the previous fiscal.
Meanwhile, the net sales of the company is down by 22 per cent to Rs 131.39 crore for the three months ended March 31, 2010.
On a consolidated basis, the company has reported a net profit of Rs 39.83 crore, compared to Rs 10.48 crore in the corresponding period of the previous financial year. The net sales has risen to Rs 373.55 crore on a consolidated basis.
At 2pm, shares of Strides Arcolab were trading at Rs 359.80 on the Bombay Stock Exchange, gaining 1.72 per cent over the previous day's close. Earlier in the day, it touched a high of Rs 369.90.