This Article is From Aug 04, 2016

Cadila Healthcare Shares Jump 9.5% Despite Disappointing Q1 Show

Cadila Healthcare Shares Jump 9.5% Despite Disappointing Q1 Show

Cadila Healthcare shares rose sharply by 9.5 per cent despite reporting a dip in profit for June quarter.

Mumbai: Shares of Cadila Healthcare on Thursday rose sharply by 9.5 per cent despite the company reporting a 22.59 per cent dip in consolidated net profit for the quarter ended June 30.

Shrugging off the disappointing numbers, the drug firm's scrip opened the day on a positive note and further jumped 9.48 per cent to Rs 379.90 as the trade progressed on BSE.

At NSE, shares of the company surged 9.21 per cent to Rs 379.75.

Cadila Healthcare yesterday reported 22.59 per cent dip in consolidated net profit to Rs 356.2 crore for the quarter ended June 30.

The company had posted a net profit after taxes, minority interest and share of profit of associates and joint ventures of Rs 460.2 crore for the corresponding period of the previous fiscal, Cadila Healthcare had said in a filing to BSE.

Consolidated total income from operations of the company stood at Rs 2,287.1 crore for the quarter under consideration as against Rs 2,382.6 crore for the same period a year ago.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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