For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Ranbaxy reports net loss of Rs 492 cr for Q4 2012; stock plunges

    |
    Ranbaxy reports net loss of Rs 492 cr for Q4 2012; stock dip
    Pharma major Ranbaxy disappointed investors by reporting a net loss of Rs 492 for Q4 2012. It was Rs 2,983 crore in the same period a year ago.
     

    The stock which was rising in the last few days slumped almost 4 per cent on disappointing numbers. The net loss was largely on account of a product recall which costed the company Rs 182 crore and a forex loss of Rs 18 crore.

    The company's net sales dropped 29% to Rs 2,671 crore as against Rs 3,752 crore in December 2011.  Total income fell to Rs 2,787.89 crore from the Rs 3,869.38 crore in the corresponding quarter of previous year.

    Shares of the company dropped 4.31% at Rs 414on BSE at 3.30 pm IST.

    GoodReturns.in

    Read more about: ranbaxy
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more