Aurobindo Pharma net profit declines nearly 14 percent to Rs 697 crore in Q2
New Delhi: Drug firm Aurobindo Pharma on Monday reported a 13.69 per cent decline in its consolidated net profit to Rs 696.71 crore in the July-September quarter mainly on account of decline in sales in the growth markets and its anti-retroviral business.
The company had posted a net profit of Rs 807.25 crore in the corresponding period of the previous fiscal, Aurobindo Pharma said in a regulatory filing.
Consolidated total revenue from operations during the period under review stood at Rs 5,941.92 crore. It was Rs 6,483.44 crore for the same period a year ago, it added.
"Business performance across most of the segments was robust, aided by gradual pick-up in demand and gradual market share gains. However, profitability was impacted by cost pressure on some of the key raw materials as well as higher logistic costs," Aurobindo Pharma MD N Govindarajan said.
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