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Business News/ Companies / Cadila Healthcare posts 47% rise in Q1 profit
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Cadila Healthcare posts 47% rise in Q1 profit

Cadila Healthcare posted a 47% rise in consolidated net profit at Rs.353 crore for the quarter

The company said its formulations business in the US grew by 37%. Photo: MintPremium
The company said its formulations business in the US grew by 37%. Photo: Mint

Ahmedabad: Ahmedabad-based pharmaceutical company Cadila Healthcare (also known as Zydus Cadila) posted a 47% rise in consolidated net profit at Rs.353 crore for the quarter ended June 2015, the company said on Wednesday.

It had posted a net profit of Rs.240 crore in the corresponding quarter of 2014.

The company said its formulations business in the US grew by 37%. During the quarter, the group filed 6 additional abbreviated new drug applications (ANDAs) with the US Food and Drug Administration and launched one new product in the US.

In the Indian formulations market, the company launched 12 new products, including line extensions, of which 4 products were the first to be launched in India.

The board has approved a proposal to sub-divide or split existing equity shares of face value Rs.5 each into 5 equity shares of face value Rs. 1 each, subject to requisite approvals, the company said in its statement.

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Published: 12 Aug 2015, 04:45 PM IST
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