Ipca Lab Q4 PAT grows 94% yoy to Rs 161 cr

On a consolidated basis, Ipca Laboratories recorded a 94% increase in net profit to Rs 161.20 crore in Q4 FY21 from Rs 83.05 crore in Q4 FY20.

Operating income increased 3.81% year over year (year on year) to Rs 1,114.66 crore in the quarter.

The company recorded a forex gain of Rs 13.24 crore in the fourth quarter, compared to a loss of Rs 23.62 crore during the same period last year.

Profit before tax in Q4 FY21 was Rs 192.13 crore, up 71.2% from Rs 112.25 crore in Q4 FY20.

The company recorded an 89% increase in consolidated net profit to Rs 1,141 crore on a 16.6% increase in operating income to Rs 5,419.99 crore in FY21 compared to FY20.

Ipca is a pharmaceutical company with a strong export drive which now represents 52% of the company’s revenues. Ipca is vertically integrated and produces finished dosage forms and active pharmaceutical ingredients.

The script fell 7.98% to end at Rs 2,024.25 on Friday.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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