Natco Pharma Q1 Profit Plunges 57%; Shares Fall 6%

Natco Pharma is a company that makes medicines.

It just told everyone how much money it made in the first three months of the year.

The company made a lot less money than it did at the same time last year.

Its profit dropped by more than half, from about Rs 480 crore to Rs 206.5 crore.

The money it earned from selling medicines also went down by almost half.

The main reason is that one of its important medicines did not sell as well.

Some of its other medicines sold better, which helped a little.

The company still wants to share some money with the people who own parts of it, called shareholders.

It will give them Rs 1.50 for each share they own.

The company also wants to raise Rs 2,000 crore, and its shares became cheaper on the stock market.