Abbott India surges as Q1 net profit jumps 35% to Rs 68.56 crore

NEW DELHI: Shares of Abbott India surged 6.63 per cent in trade on Thursday, a day after the drug firm reported its Q1 results.

The stock ended the day 6.25 per cent higher or Rs 282.70 at Rs 4802.75.

The company's standalone net profit for the quarter ended June 30 jumped 34.61 per cent to Rs 68.56 crore. It had posted a net profit of Rs 50.93 crore for the same period of the previous fiscal year.

Standalone total income from operations also rose to Rs 633.10 crore for the quarter under consideration as against Rs 525.29 crore a year ago, the company said in a filing to BSE.