Cadila Healthcare Q1 net up 23.14% at ₹240 crore
Net sales in the June quarter were up by 25.68% to Rs2,020 crore, as against Rs1,607 crore a year ago
New Delhi: Cadila Healthcare Ltd on Wednesday reported a 23.14% increase in consolidated net profit to ₹ 240.21 crore for the quarter ended 30 June.
The company had reported a net profit of ₹ 195.06 crore in the same quarter of the previous fiscal.
Cadila’s net sales in the quarter under review were up by 25.68% to ₹ 2,020.38 crore, as against ₹ 1,607.45 crore in the year-ago period, the company said in a BSE filing.
“Sales growth was buoyed by the company’s formulations business in the US, which grew by 88% during the quarter," the company said in a statement.
Overall expenses in the June quarter stood at ₹ 1,741.71 crore, up 24.55%, from ₹ 1,398.38 crore a year ago.
Cadila Healthcare shares were trading at ₹ 1,169 apiece in afternoon trade, up 3.53% from its previous close on the BSE.
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