Indoco Remedies has tumbled 8.04% in last three months as compared to a 0.28% decline in Nifty Pharma index.
Indoco Remedies reported a consolidated net profit of Rs 7.81 crore in Q2 September 2019 compared with a net loss of Rs 7.45 crore in Q2 September 2018. Net sales rose 21.1% to Rs 286.21 crore in Q2 September 2019 from Rs 236.26 crore in Q2 September 2018.
Indoco Remedies is a fully integrated, research-oriented pharma company with presence in 55 countries. The company has 9 manufacturing facilities, 6 of which are for FDFs and 3 for API.