Piramal Life Sciences Ltd reported an 82% increase in net profit for the most recent quarter to Rs -9.70 million, despite an 8.33% decline in net sales to Rs 8.80 million. The company's net profit margin improved to -110.23% from -575.00% in the previous fiscal year. The stock price of Piramal Life Sciences gained 5.04% after the earnings announcement.

1. Net profit of Piramal Life Sciences surges 82% in MQ
Piramal Life Sciences Ltd
15-May-2013 | QuarterlyResult as on31-Mar-2013
For the period the Piramal Life Sciences Ltd reported Net Sales of Rs 8.80 million and Net Profit of Rs -9.70 million. While Net Sales declined
by 8.33%, Net Profit grown by 82.43% and thereby NPMimproved to -110.23% as compared to -575.00% during same period previous FY.
EquityCapital for the period under consideration stands at Rs 259.60 million.
The stock of the Piramal Life Sciences Ltd at BSEopened at 26.95 touched a high 27.90 and low 25.60 before closing at 27.10 gaining 5.04%
over previous close. The trading volume for the stock at BSEstood at 10864 shares and at NSEstood at 21027 shares.
BSE NSE
The S&PBSESensexclosed todayat 20212.96 (2.49%gain) and CNXNiftyclosed at 6146.75 (2.52%gain).
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