Unichem Laboratories' consolidated net profit of Rs 2.34 crore in Q1 June 2020 compared with net loss of Rs 6.19 crore in Q1 June 2019.
Consolidated net sales jumped 16.1% to Rs 317.27 crore in Q1 June 2020 over Rs 273.20 crore in Q1 June 2019. Pre-tax profit stood at Rs 7.04 crore in Q1 June 2020 as against pre-tax loss of Rs 13.72 crore in Q1 June 2019. Current tax expense for the quarter surged 117.90% at Rs 4.25 crore as against Rs 1.95 crore in Q1 June 2019. The result was announced post trading hours yesterday, 4 August 2020.
Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in several markets across the world.
Shares of Unichem Laboratories skid 2.25% to Rs 258.75. The scrip hovered in the range of Rs 251 to Rs 277.45 so far.
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