Drug maker Suven Life Sciences today reported a 86.33 per cent dip in its profit after tax at Rs 27.5 lakh for the third quarter ended December 31, 2008.
The firm had a net profit of Rs 2.01 crore in the December quarter of FY'08, Suven Life said in a filing to the BSE.
The revenue of the company rose 21 per cent to Rs 35 crore during the quarter under review, from Rs 29 crore in the year-ago period.
However, for the nine-month period the company's PAT grew 6.21 per cent to Rs 6.71 crore, from Rs 6.32 crore in the same period last fiscal.
Shares of Suven were trading at Rs 13.80, down 1.78 per cent in the afternoon trade on the BSE.