The consolidated revenue from operations of the company stood at Rs 1,314.33 crore for the quarter under consideration. , , Alembic Pharma, revenue, shares
Alembic Pharma Q3 standalone net up 19% at ₹277 crore
January 19, 2021
Formulations business grows 3% in international markets, 14% in domestic market Pharma player Alembic Pharmaceuticals Limited on Tuesday posted standalone net profit at ₹277 crore for the quarter ended December 31, 2020, which is about 19 per cent higher than ₹233 crore reported in the corresponding quarter last year.
The company’s standalone revenues from operations stood at ₹1,236 crore for the quarter as against ₹1,052 crore in the same period last year.
On a consolidated basis, the company posted net profit of ₹293 crore for the quarter ended December 2020, which is about 25 per cent higher than ₹234 crore reported in the corresponding quarter last year.
The drug maker reported 25% jump in consolidated net profit to Rs 293 crore on a 9% rise in net sales to Rs 1314 crore in Q3 FY21 over Q3 FY20.
The company s international formulations business grew 3% year-on-year (YoY) to Rs 683 crore while the ex-US international formulations business grew 14% YoY to Rs 171 crores in the quarter. The firm received 8 ANDA approvals received during the quarter taking the cumulative to 137 ANDA approvals.
During Q3 FY21, Alembic s India formulations business grew 14% YoY to Rs 418 crore with specialty segments growing by 16%, led by cardio, diabeto, gyanaec and gastro segments.
API business grew 21 %to Rs 214 crores in Q3 December 2020 over Q3 December 2019. The company filed 4 drug master files (DMF) taking the cumulative to 115 DMFs.
Sourav Ganguly, Jay Shah to lead BCCI members in friendly match at Motera Stadium in Ahmedabad befor
Sourav Ganguly, Jay Shah to lead BCCI members in friendly match at Motera Stadium in Ahmedabad before AGM
BCCI president Sourav Ganguly and BCCI secretary Jay Shah will be leading board electoral members in a friendly cricket match at the newly-built Motera Stadium before AGM.
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UPDATED: December 23, 2020 12:34 IST
Board of Control for Cricket in India (BCCI) president Sourav Ganguly and secretary Jay Shah. (Reuters Photo)
HIGHLIGHTS
Sourav Ganguly XI will take on Jay Shah XI before BCCI Annual General Meeting
The match will be played at the newly-built Motera Stadium in Ahmedabad