NEW DELHI: Alkem Laboratories today reported a 23.44 per cent decline in its
consolidated net profit at Rs 180.87 crore for the quarter ended December 2017
on higher tax expenses.
The company had posted a net profit of Rs 236.26 crore during the same period of the previous fiscal, Alkem Laboratories said in a regulatory filing.
Total income during the quarter under review stood at Rs
1,765.05 crore. It was Rs 1,507.32 crore in the corresponding quarter last
fiscal.
"Amidst challenging regulatory environment and competitive landscape, we have not only achieved robust revenue growth but have also complimented it with improvement in our profit margins," Alkem Laboratories Managingdiv Director Sandeep Singh said.
The company declared an interim dividend of Rs 6 per equity share on face value of Rs 2 per share for the financial year 2017-18.
The company had posted a net profit of Rs 236.26 crore during the same period of the previous fiscal, Alkem Laboratories said in a regulatory filing.
"Amidst challenging regulatory environment and competitive landscape, we have not only achieved robust revenue growth but have also complimented it with improvement in our profit margins," Alkem Laboratories Managingdiv Director Sandeep Singh said.
The company declared an interim dividend of Rs 6 per equity share on face value of Rs 2 per share for the financial year 2017-18.
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