Hyderabad: Intravenous fluids and injectable capsules maker Claris Lifesciences Ltd on Friday published asixty five% decline in net profit within the fourth zone on the again of declining sales in rising markets and better costs.
The Ahmedabad-based totally organisation published a internet profit of Rs.three.6 crore inside thesector ended 31 March, compared to internet earnings of Rs.10.four crore inside the identical length thepreceding yr, whilst revenues rose 6.three% to Rs.168 crore.
For the full year ended March, Claris posted a internet lack of Rs.58 crore, even as revenues stood at Rs.739 crore. the total–yr revenues of 2015-16 couldn’t be in comparison to the previous yr as thebusiness enterprise modified its accounting 12 months from January-December to April-March.
shares of Claris dropped 3.eighty five% to close at Rs.167.20 on BSE Ltd, even as the benchmark Sensex declined 0.thirteen% to quit at 25228.50 points.
