Aurobindo Pharma net profit increases 61 percent to Rs 919 crore in Q1
New Delhi: Aurobindo Pharma has announced a 61 percent year-on-year increase in its consolidated net profit for the first quarter ended June 2024. The Hyderabad-based pharmaceutical company reported a net profit of Rs 919 crore, up from Rs 571 crore during the same period last year.
In a release, Aurobindo Pharma highlighted that its revenue from operations also saw a significant boost, climbing to Rs 7,567 crore in the June quarter compared to Rs 6,851 crore in the corresponding quarter of the previous fiscal year.
Commenting on the Company’s performance, Mr. 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.”
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