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Aurobindo Pharma Q1 Results: Profit Falls Missing Estimates As U.S. Revenue Contracts

Aurobindo Pharma Ltd.’s first-quarter profit fell missing estimates as its U.S. revenue contracted and sales of Covid-related treatments declined in India.

The Hyderabad-based bulk and generic drugmaker's net profit fell 4% sequentially to Rs 769.97 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 825.3-crore profit estimate of analysts tracked by Bloomberg. ....

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