IPCA Labs 4Q Net Income Falls 94 Percent on U.S. FDA Alerts

IPCA Laboratories posts 4Q net income of 77.9 million rupees compared with 1.37 billion rupees a year earlier: co. filing Link

  • Lower profit due to import alerts issued by U.S.’s Food and Drug Administration on three manufacturing sites, foreign currency fluctuations and reduced sales of anti-malarial drugs: filing
  • Co. posts 4Q net sales of 6.28 billion rupees versus 7.5 billion rupees a year earlier
  • Board recommends dividend of one rupee/share
  • NOTE: IPCA Labs Shares Slump After FDA Import Alert on Two More Plants Link

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