Cadila Healthcare reports 5 percent decline in net profit at Rs 500 crore in Q3
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New Delhi: Cadila Healthcare Ltd on Thursday reported a 5 per cent decline in consolidated net profit at Rs 500.4 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 527.2 crore in the same period last fiscal, Cadila Healthcare said in a regulatory filing.
Consolidated total revenue from operations stood at Rs 3,655 crore during the quarter under review as compared to Rs 3,633 crore in the year-ago quarter, it added.
Total expenses were higher at Rs 3,116.8 crore in the third quarter as compared to Rs 3,069.8 crore in the year-ago period, Cadila Healthcare said.
India formulations business posted revenue of Rs 1,079 crore during the third quarter with branded formulations posting a 17 per cent growth after adjusting for sales of COVID related products, generics portfolio and divested products, the company said.
On the other hand, the US formulations business registered revenue of Rs 1,504 crore during the quarter and the company filed 12 additional abbreviated new drug applications (ANDAs) with the USFDA.
The company further said it has also submitted the New Drug Application (NDA) to the DCGI for Desidustat, for the treatment of anaemia in patients with chronic kidney disease (CKD).
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