NE BUSINESS BUREAU
NEW DELHI, OCT 22
Drug firm Alembic Pharmaceuticals on Thursday reported a 35.36 percent rise in consolidated net profit to Rs 333.37 crore for the quarter ended September, mainly on account of robust sales.
The company had posted a net profit of Rs 246.27 crore for the corresponding period of the previous fiscal, Alembic Pharma said in a filing to BSE.
Consolidated revenue from operations stood at Rs 1,457.10 crore for the quarter under consideration. It was Rs 1,240.87 crore for the same period a year ago, it added.
“It was a strong quarter for the company led by growth in the domestic business. The International, as well as API Business, also continued to perform well,” Alembic Pharmaceuticals MD Pranav Amin said.
Shares of Alembic Pharmaceuticals ended at Rs 1,011.60 on BSE, up 1.46 percent from its previous close.
