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Merck shares climb over 6% on strong Q4 show

LiveMint logoLiveMint 04-05-2017 PTI

New Delhi: Shares of drug firm Merck on Thursday soared over 6% after the company reported a 76.42% increase in net profit for the quarter ended 31 March.

After opening on a positive note, the stock rose 5.86% to Rs1,140 as the session progressed on BSE. At NSE, shares of the company surged 6.31% to Rs1,141.40.

Merck on Wednesday reported a 76.42% increase in net profit at Rs14.82 crore for the quarter ended March 31. The company had posted a net profit of Rs8.40 crore during the January-March period a year ago, Merck Ltd said in a BSE filing.

Its total income from operations also rose 9.91% to Rs236.92 crore during the quarter under review as against Rs215.54 crore in the year-ago period.

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