Business EconomyPosted at: Aug 8 2024 5:03PM


Alembic Pharma net up 12 pc at Rs 135 crore in Q1

New Delhi, Aug 8 (UNI) Alembic Pharmaceuticals on Thursday said its net profit grew 12% to Rs 135 crore year-on-year basis in the April-June quarter of current financial year.
Net sales from operations increased 5% to Rs 1562 crore in the first quarter of FY25, the company said in a release.
Commenting on the Q1 financial performance, Mr. Shaunak Amin, MD, Alembic Pharmaceuticals Limited said “India Branded Business continues to work on improving the execution ability both in quality & scale. The Specialty and Animal health segment witnessed robust growth.
“The USFDA conducted an audit at our Formulation facility F1, without any observations, underscoring our dedication to compliance and quality. The US business grew by 18% during the quarter,” he added.
India Branded Business grew 9% to Rs 572 crore for the quarter, the company said, adding it recorded robust growths in specialty therapies like Gynaecology, Gastrointestinal, Anti Diabetic and Ophthalmology therapies and performed relatively better than the market in acute therapies.
Excess heatwaves in Q1 FY 25 led to unnatural market disturbances in affected geographies, it said.
The animal health business grew 23% for the quarter with basket of strong brands driving outperformance.
With regard to international business the company said that US Generics grew 18% to Rs 461 crore for the quarter.
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Tags: #Alembic Pharma net up 12 pc at Rs 135 crore in Q1
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