Ipca Labs Q2 PAT up 60% at Rs 125 cr; stock up

MUMBAI: Ipca Laboratories reported a net profit of Rs 125 crore for the quarter ended September 2012, up 60 per cent, against a net profit of Rs 78 crore in the corresponding quarter a year ago.

An ET Now poll expected the net profit to rise 48 per cent to Rs 116 crore and sales to grow 16 per cent to Rs 722 crore.

The sales increased 22.3 per cent to Rs 756 crore for the quarter from Rs 618 crore in the same period last fiscal.

The company reported forex gains of Rs 6 crore for the quarter. Margins stood at 23.2 per cent against 25.2 per cent, a year ago.

At 01:20 pm, the stock was at Rs 473, up 2.20 per cent, on the BSE. It touched a high of Rs 477 and a low of Rs 464 in trade today.