Pfizer surges 5% as Q3 net profit rise over two-fold

NEW DELHI: Shares of Pfizer India, world's premier biopharmaceutical firm, surged over 5 per cent in Thursday's trade after the company reported a two-fold year-on-year jump in Q3 profits at Rs 40.34 crore.

The drugmaker had reported a net profit of Rs 18.37 crore in the same quarter a year ago. Total income stood at Rs 505.64 crore in the quarter under review against Rs 474.18 crore in the same period a year ago, climbing 6.63 per cent YoY.

For minute-by-minute market/stock updates, follow our Twitter handle @ETMarkets

Reacting to the earnings, the scrip surged 5.44 per cent to hit a high of Rs 2,350 on the BSE. At 9:38, the stock was trading 2.12 per cent higher at Rs 2,276.