Aurobindo Pharma Q4 net profit up by 45pc to Rs 850 crore

Hyderabad: Aurobindo Pharma Limited consolidated net profit after JV share and minority interest was up by 45.2 percent to ₹849.8 crore for the quarter ended March 31, 2020, against ₹585.4 crore during the same quarter in FY '19.

According to a filing with stock exchanges, the drugmaker said the consolidated revenue from operations grew by 16.4 percent to ₹6,158.4 crore during the quarter under discussion against ₹5292.2 crore in the last quarter of FY '19. For the full year 2019-20, revenue from operations was at ₹23,098.5 crore witnessing a growth of 18.1 percent over 2018-19.

The net profit, after JV share and minority interest, jumped by 19.7 percent to ₹2,831 crore as against ₹2,364. 7 crore in FY '19. Managing director of the company N Govindarajan said it closed FY '20 with a healthy performance in Q4 and the growth was seen across all the geographies.

"Diversified product basket has helped us to maintain the growth momentum in our core geographies like the USA and Europe. We remain focused on strengthening our existing businesses, developing a differentiated and specialty product basket and regulatory compliance," he said.

He said the new fiscal year (FY '21) has begun with a lot of challenges that the globe and industry had never witnessed. During the fourth quarter, revenue from formulations registered a growth of 23.5 percent to ₹5,401.2 crore while API (active pharmaceutical ingredients) business posted a sale of ₹755.6 crore and contributed 12.3 percent to the consolidated revenue, the company said.

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