India's Morepen Laboratories loses 3% on fall in Q4 earnings

Morepen Laboratories

17/05/2023 08:22

** Shares of Morepen Laboratories Ltd  MORL.NS  fall as much
as 3.14% to 26.20 rupees, a three-week low
    ** Pharma firm reports 33% fall in consolidated net profit
in March quarter to 82.4 mln rupees from 123.2 mln rupees a year
earlier  urn:newsml:reuters.com:*:nFWN37D1E6
    ** Consolidated income from operations falls 1% to 3.64 bln
rupees from 3.68 bln rupees Y/Y
    ** Core profit slips 27% YoY to 155.59 mln rupees; core
profit margins contract to 4.27% from 5.07%
    ** Trading volume is 1.52 mln shares as of 12:49 p.m. IST,
half the 30-day avg - Refintiv data
    
      ($1 = 81.7800 Indian rupees)
    
      

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))