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Business EconomyPosted at: Aug 10 2024 8:02PM


Aurobindo pharma’s Consolidated Q1FY25 net up 61.1 pc at INR 919 cr

Hyderabad, Aug 10 (UNI) Aurobindo Pharma’s consolidated Net Profit after Share of Profit/Loss of JV and Minority Interest, increased 61.1 percent to INR 919 crore in the first quarter ended June 30, 2024, as compared with INR 571 crore in the corresponding quarter of previous financial year.
Consolidated revenue from Operations during the quarter increased 10.5 percent to INR 7,567 crore as against INR 6,851 crore during the corresponding period in the previous year, Hyderabad-based pharma company said in a release here on Saturday.
Commenting on the Company’s performance, K. Nithyananda Reddy, Vice-Chairman and Managing Director of the Company said “We are pleased with our continued strong performance this quarter, with a significant top-line growth across all our business segments.
Our profitability was sustained by improved gross margins and operational efficiencies, while ramping-up our recently commercialized plants. We are confident in our ability to achieve our growth targets for FY25.”
The Company received final approval for 10 ANDAs including 1 Specialty & Injectable product from the USFDA.
The total formulations revenue during the quarter increased by 14.6 percent YoY to INR 6,475 crore , compared with INR 5,650 crore in the corresponding quarter of previous year.
The Total Active Pharmaceutical Ingredients (API) during the quarter also up 5.6 percent to INR 1,092 crore ( INR 1,033 crore).
UNI KNR CS2002
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Tags: #Aurobindo pharma’s Consolidated Q1FY25 net up 61.1 pc at INR 919 cr
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