RPG Life Sciences is excited on the bourses today on the back of turnaround in Janaury-March quarter earnings. At 11:50 hrs RPG Life Sciences was quoting at Rs 72.65, up Rs 10.40, or 16.71 percent.
The pharmaceutical company reported a net profit of Rs 7.4 crore in the fourth quarter of FY13 as against a loss of Rs 5.69 crore in the year-ago period.
During the period, sales increased 37 percent to Rs 56.34 crore vs Rs 41.23 crore. The board also recommended a dividend of Rs 1.2 per share.
Meanwhile, the management has indicated that the investments made in upgradation of manufacturing facility, formulation business, during the year has constrained profitability.
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RPG Life Sciences surges 16% on strong Q4 earnings
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