India's Ranbaxy swings to profit in Q3 | business | Hindustan Times
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India's Ranbaxy swings to profit in Q3

Ranbaxy Laboratories, India's top drugmaker by sales, on Monday reported a quarterly profit compared with a loss in the year-ago quarter.

business Updated: Oct 26, 2009 11:34 IST

Ranbaxy Laboratories, India's top drugmaker by sales, on Monday reported a quarterly profit compared with a loss in the year-ago quarter.

New Delhi-based Ranbaxy, in which Japan's Daiichi Sankyo owns a controlling stake, said its standalone fiscal third quarter ended September was Rs 1.86 billion ($40 million), compared with a loss of 3.53 billion a year earlier.