Strides Arcolab has reported a consolidated net profit of Rs 18.97 crore for the September ended quarter.
The Bengaluru-based company had posted a net loss of Rs 42.55 crore in the same period last year.
Further, consolidated total income of the company rose to Rs 370 crore, against Rs 286.97 crore or 29 per cent increase when compared to the same period last year.
“It has been a strong comeback quarter for the company after a subdued first quarter with growth across businesses,” Strides Arcolab Founder and Group CEO Arun Kumar said. The performance during the quarter was further bolstered by a quick closure and integration of the acquired Arrow Pharmaceuticals business in Australia, he added.
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