NEW DELHI: Drug firm Strides Shasun reported an over three fold jump in its consolidated net profit to Rs 187.32 crore for the quarter ended December 31, 2016 as the company today unveiled major restructuring plans.
The company had posted a net profit after taxes and minority interest and share of loss of associates and joint ventures of Rs 58.90 crore, Strides Shasun said in a filing to BSE.
Consolidated total income from operation also rose to Rs 933.93 crore for the quarter under consideration as against Rs 867.54 crore for the same period year ago.
Commenting on the results, Strides Shasun Group CEO Shashank Sinha said: “Q3 was a solid quarter of revenue growth and margin expansion backed by gains in market share of key product…
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