Alembic Pharmaceuticals Ltd share price slumps 11% amid disappointing Q1 numbers – details cited here for stock investors
Amid the disappointing first-quarter numbers, the shares of Alembic Pharmaceuticals declined over 11 per cent to Rs 808 on the BSE in intraday trade on Tuesday. The pharma company on Monday reported weak numbers, with consolidated profit dipped almost half a year-on-year (YoY) basis.
The company’s profit after tax (PAT) slumped by 45.4 per cent to Rs 164.50 crore in Q1: PTI