News Business Ranbaxy Q1 net profit plunges 90% to Rs 126 crore

Ranbaxy Q1 net profit plunges 90% to Rs 126 crore

New Delhi, May 8: Ranbaxy Laboratories, India's largest drugmaker by sales, posted a 90 per cent drop in first quarter net profit compared to the same year-ago period.Ranbaxy's consolidated net profit fell to Rs 126

ranbaxy q1 net profit plunges 90 to rs 126 crore ranbaxy q1 net profit plunges 90 to rs 126 crore
New Delhi, May 8: Ranbaxy Laboratories, India's largest drugmaker by sales, posted a 90 per cent drop in first quarter net profit compared to the same year-ago period.



Ranbaxy's consolidated net profit fell to Rs 126 crore in the fiscal first quarter ended March, from Rs. 1,247 crore last year. Sales fell 34.2 per cent to Rs. 2,440 crore.

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