Follow Us:
Wednesday, May 18, 2022

Cadila Q3 net dips 7.9% to Rs 149.21 cr

The company had a loss of Rs 34.17 crore on the account of foreign exchange fluctuation.

Written by Agencies | New Delhi |
February 7, 2012 4:14:26 pm

Cadila Healthcare today posted 7.9 per cent decline in net profit at Rs 149.21 crore for the third quarter ended December,2011 due to foreign exchange losses.

The company had posted a net profit of Rs 162.01 crore in the October-December period of previous fiscal.

However,net sales of the company rose to Rs 1,352.46 crore during the quarter,as against Rs 1,134.55 crore in the same period previous fiscal,Cadila Healthcare said in a filing to the BSE.

The company had a loss of Rs 34.17 crore on the account of foreign exchange fluctuation during the quarter,it said.

Best of Express Premium

UPSC CSE Key – May 18, 2022: What you need to read todayPremium
Explained: The content and scope of Article 142, invoked by Supreme Court...Premium
From Indra’s flag and Krishna’s banner to saffron flag: From the di...Premium
Sanjiv Bajaj: ‘Like GST Council, need a platform to sort Centre-state iss...Premium

During the quarter,the group’s India formulations business grew by 18 per cent over the same period previous fiscal.

Riding high on the increased sales of its own products and that of the recently acquired Nesher,the group’s subsidiary in the US posted a growth of 45 per cent. The group also posted a growth of 44 per cent in sales in Japan.

On a standalone basis,the company posted a net profit of Rs 134.21 crore for the third quarter,compared to Rs 140.38 crore in the same period previous fiscal.

Shares of Cadila Healthcare today closed at Rs 659.85 on the BSE,down 2.16 per cent from previous close.

For all the latest News Archive News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard