Natco Pharma net profit up 27 percent to Rs 80 crore in Q3
Advertisement
New Delhi: Natco Pharma on Monday said its consolidated net profit increased by 27 per cent to Rs 80.4 crore for the third quarter ended December 31, 2021. The Hyderabad-based company had reported a net profit of Rs 63.4 crore in the October-December period of previous fiscal.
Revenue from operations rose to Rs 560.5 crore in the period under review from Rs 355.2 crore in the same period of the previous fiscal, Natco Pharma said in a regulatory filing.
The company said its board has declared a third interim dividend of Rs 2 each per share of Rs 2 each for the financial year 2021-22.
"The board also appointed S Murthy, Independent Director of the company, as chairman with effect from April 1, 2022," reports PTI.
The drug firm has also re-appointed V C Nannapaneni as managing director and Rajeev Nannapaneni as director and CEO for a period of two years from April 2022 to March 31, 2024.
Natco Pharma Limited was incorporated in Hyderabad in the year 1981 with an initial investment of INR 3.3 million.
The company has seven manufacturing facilities spread across India with modern research laboratories, capabilities in New Drug Development, etc
Read also: Natco Pharma bags Corporate Governance Award
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.