Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  Unichem Labs Q3 net profit at Rs2,507 crore
BackBack

Unichem Labs Q3 net profit at Rs2,507 crore

Unichem's board has approved the buyback proposal for the purchase of its 2.06 crore equity shares for an aggregate amount not exceeding Rs885.80 crore from the shareholders of the company

Shares of Unichem Laboratories on Monday closed at Rs369.25 per scrip on BSE, up 5.03% from the previous close. Photo: Ramesh Pathania/MintPremium
Shares of Unichem Laboratories on Monday closed at Rs369.25 per scrip on BSE, up 5.03% from the previous close. Photo: Ramesh Pathania/Mint

New Delhi: Unichem Laboratories on Monday reported a standalone net profit of Rs2,507.03 crore for the third quarter ended 31 December, mainly on account of sale of the company’s domestic pharma business in India and Nepal to Torrent Pharmaceuticals.

The company had posted a net profit of Rs26.10 crore for the corresponding period of the previous fiscal, Unichem Laboratories said in a filing to BSE. Standalone total income stood at Rs165.82 crore for the quarter under review. It was at Rs159.82 crore for the same period a year ago.

The company also said its board has approved the buyback proposal for the purchase of its 2.06 crore equity shares for an aggregate amount not exceeding Rs885.80 crore from the shareholders of the company. The board noted the intention of the promoters and promoter group of the company to participate in the proposed buyback.

Shares of Unichem Laboratories on Monday closed at Rs369.25 per scrip on BSE, up 5.03% from the previous close.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 08 Jan 2018, 05:57 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie