Natco Pharma rallies on strong Q4FY15 results
MUMBAI: Shares of midcap Natco Pharma surged over 4 per cent in early trade on the back of strong results for quarter ended March 2015. The company’s net profit surged 126.66 per cent in Jan-March quarter to Rs 54.4 crore as compared to a net profit of Rs 24 crore in the corresponding quarter last fiscal. The net profit includes tax reversals of Rs 31 crore.
Consolidated sales during Jan-March quarter rose to Rs 191 crore, up 9.1 per cent, against Rs 175 crore, in the same quarter last ..