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NATCO Pharma's Attributable Profit Plunges in Fiscal Q1

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NATCO Pharma (NSE:NATCOPHARM, BOM:524816) recorded a decline in profit attributable to owners for the first fiscal quarter to 2.07 billion Indian rupees from 4.81 billion rupees a year prior.

Earnings per share stood at 11.53 rupees, down from 26.84 rupees previously, according to a Friday Indian bourse filing.

Revenue from operations slipped to 7.35 billion rupees from 13.3 billion rupees in the year-ago period.

The pharma company declared an interim dividend of 1.50 rupees per equity share, payable starting Aug. 26 to shareholders of record as of Aug. 20.

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