Pfizer Posts Loss of Rs 11.83 Crore in Q2

New Delhi: Drug firm Pfizer on Thursday reported a standalone loss of Rs 11.83 crore for the second quarter that ended on September 30, 2014, due to exceptional expenses incurred at its Thane plant.

The company had registered a net profit of Rs 69.45 crore for the corresponding quarter a year ago, it said in a filing to the BSE.

Net sales of the company during the quarter under review rose marginally to Rs 269.45 crore as against Rs 267.35 crore in the year-ago period, it added.

Exceptional expenses of Rs 76.03 crore were incurred during the quarter in relation to the Thane plant. "The expenses include amount paid towards voluntary retirement scheme/other related costs," the company said.

In August, Pfizer issued a lockout notice at its Thane plant following labour unrest, stating the step was necessitated to ensure safety of its employees.