Morepen Laboratories

Morepen Labs reports yet another growth-filled quarter

Morepen Labs reports yet another growth-filled quarter

New Delhi [India], Feb 9 : The pharma-cum-healthcare major, Morepen Laboratories Ltd., has reported a yet another growth-filled quarter by registering a 23 percent rise in its net sales in the third quarter (Q3) of fiscal 2016-17.

The net sales increased to Rs. 134.05 crore in Q3 FY 2016-17 compared to Rs. 108.72 crore in the corresponding quarter of the previous fiscal.

Sales from the domestic operations contributed majorly to the company's top-line by registering a growth of 43 percent at Rs.79.52 crore in Q3 FY 2016-17. Export sales, however, remained flat during the quarter at Rs. 54.53 crore, registering a marginal growth of three percent.

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