"The figures are not comparable as financial year has changed from Jan-Dec to April-March.Consequently financial year 2013-14 is for 15 months ending March 2014. Hence numbers for the two periods are not comparable," Strides Arcolab said.
Shares of Strides Arcolab slumped 8 percent intraday on Monday as it reported dismal
March quarter earnings. The drug firm posted a net loss of Rs 48.26 crore for the quarter ended March 31, 2014. The company had posted a net profit of Rs 31.57 crore for the corresponding period of previous fiscal, Strides Arcolab said in a filing to BSE.
Total income of the company for the quarter under consideration stood at Rs 256.73 crore. It was Rs 178.36 crore for the same period year ago, it added.
"The figures are not comparable as financial year has changed from Jan-Dec to April-March.Consequently financial year 2013-14 is for 15 months ending March 2014. Hence numbers for the two periods are not comparable," Strides Arcolab said.
At 13:32 hrs Strides Arcolab was quoting at Rs 508.15, down Rs 28.40, or 5.29 percent on the BSE.
(With inputs from PTI)
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