Ipca laboratories net profit surged 151 per cent in the third quarter of the current financial year. The company has reported net profit of Rs 58.25 crore in quarter ending December 31, 2009 as compared to Rs 23.18 crore in the corresponding quarter last year.
The net income too jumped 26 per cent in third quarter (Q3). The company reported net income of Rs 396.61 crore as compared to Rs 313.63 crore in the third quarter of the last financial year.
The company has announced a dividend of Rs 4 per share. The company is also going for a stock split. As per a BSE release, the stock will be split into 5 equity shares of Rs 2 each for every one share of Rs 10.
Despite the positive results, the company’s share fell by Rs 4.90, or 0.41 per cent to Rs 1,188.
