Aurobindo rallies 5 per cent following stellar Q3 results

Stocks

oi-Sunil

By Sunil Fernandes

Published: Friday, February 7, 2014, 10:56 [IST]

Shares in Aurobindo Pharma jumped 5 per cent in trade after the company reported a good set of results for Q3 2013.
The stock was last trading at Rs 518.10, following a four fold jump in net profit. Aurobindo Pharma reported a net profit of Rs 417 crores, which was a new record for the company.

Revenues grew 81 per cent to Rs 2140, led by strong growth in the US markets.

Aurobindo Pharma is the market leader in Semi-Synthetic Penicillins and has a presence in key therapeutic segments such as neurosciences, cardiovascular, anti-retrovirals, anti-diabetics, gastroenterology and cephalosporins, among others.

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