Unichem Laboratories Q3 net dips 23.99% to Rs 25.60 cr

NEW DELHI: Unichem Laboratories today said its net profit decreased by 23.99 per cent to Rs 25.60 crore for the third quarter ended December 31, over the same period previous fiscal.

The company had a net profit of Rs 33.68 crore in the same period corresponding fiscal.

"The decrease in profits was essentially on account of increased investments in existing and new marketing divisions and consequent payroll costs, higher manufacturing costs and depreciation due to commissioning of new plants," Unichem Laboratories said in a statement.

Total income of the company stood at Rs 197.10 crore for the third quarter, compared to Rs 172.76 crore in the same period last fiscal.

Shares of Unichem Laboratories closed at Rs 207.80 on Bombay Stock Exchange on Friday, down 7.40 per cent from its previous close.

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