Natco Pharma net falls 39% on lower sales


Natco Pharma reported a more than 39% decline in consolidated net profit to ₹63.40 crore for the quarter ended December, in the face of lower sales and realisation from key products.

Revenue declined almost 25% to ₹386 crore.

The decline in revenue and profits was due to lower sales in domestic oncology and weak realisation of profits from anti-viral oseltamivir (generic of Tamiflu) in the U.S., the company said on Thursday.

The firm declared a third interim dividend of ₹1 per equity share.

In terms of contribution to revenue, share of formulations exports, including profit share and foreign subsidiaries, was the highest at ₹162.1 crore, followed by APIs at ₹97.8 crore and formulations for the domestic market at ₹95.3 crore. Other income of ₹24.9 crore and other operating income of ₹5.9 crore made up the rest of the revenue.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *