Bal Pharma’s net profits have declined by 53.56 per cent at Rs 1.63 crore for the quarter ended March 31, 2012 as compared to corresponding quarter of last year.

The company’s revenues are marginally higher by 4.76 per cent to Rs 39.76 crore for quarter ended March 31, 2012 as against Rs 37.95 crore in the same period previous year.

Earnings per share (EPS) after extraordinary items stood at Rs 1.54 as against Rs 3.35 registered in the same period last year.