The company reported a net loss of Rs 20.4 crore in the third quarter against a profit of Rs 4.3 crore in the year-ago period.
The share price of Unichem Laboratories tanked over 6 percent intraday on February 3 after the pharmaceutical company reported a net loss of Rs 20.4 crore in the third quarter against a profit of Rs 4.3 crore in the year-ago period.
The company’s revenue was down 5.4 percent at Rs 231.2 crore against Rs 244.4 crore YoY. EBITDA loss stood at Rs 25.7 crore against a loss of Rs 19.4 crore YoY.
The stock has been falling for a year, with the scrip declining more than 17 percent in the last three months.
The stock was quoting at Rs 155.10, down Rs 10.25, or 6.20 percent. It has touched an intraday high of Rs 168 and an intraday low of Rs 154.95.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Feb 3, 2020 02:52 pm
