Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Aurobindo Pharma Q1 net profit slips 12% to Rs 4.5 bn over rising expenses

Press Trust of India/New Delhi 09 Aug 18 | 09:33 PM

Drug firm Aurobindo Pharma on Thursday reported a 12.10 per cent decline in its consolidated net profit to Rs 4.55 billion for the first quarter ended June 30, mainly on account of rise in expenses.

The company had posted a net profit of Rs 5.18 billion in the corresponding period previous fiscal, Aurobindo Pharma said in a BSE filing.

Related Stories

    No Related Stories Found
Widgets Magazine

The company's revenue from operations stood at Rs 42.5 billion for the quarter under consideration. It was Rs 36.78 billion for the year-ago period.

Total expenses of the company for the first quarter were Rs 37.23 billion, compared to Rs 29.92 billion in the same period last fiscal.

"We have achieved 16 per cent growth in revenues led by a healthy growth across key geographies and segments," Aurobindo Pharma MD N Govindarajan said.

ALSO READ: Aurobindo pharma likely to clinch Mallinckrodt deal for $800 mn this July

However, profitability was impacted largely due to certain one-off product related provisions, he added.

"With consistent focus on execution and enhancement of capabilities, we have started filing dermatology ANDAs (abbreviated new drug applications) and is on track in other speciality segments," Govindarajan said.

Shares of Aurobindo Pharma today closed at Rs 600.90 per scrip on BSE, down 1.72 per cent from previous close.

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.601.656.91
Yes Bank381.752.87
ICICI Bank332.302.17
Axis Bank618.302.15
Reliance Inds.1,210.952.00

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine