Zydus Cadila net profit rises 41 percent to Rs 527 crore in Q3
Ahmedabad: Pharmaceutical major Zydus Cadila said on Friday its profit after tax was up by 41 per cent to Rs 527 crore in Q3 FY21 as compared to the corresponding quarter of previous year.
Consolidated revenues moved up by 4 per cent to Rs 3,796 crore consolidated net sales by 6 per cent to Rs 3,754 crore. Earnings before interest, depreciation and tax (EBIDTA) were up by 16 per cent to Rs 807 crore.
Continuing its fight against Covid-19, the company received approvals to start phase three clinical trials of pegylated interferon alpha-2b in India and the approval to start phase three clinical trials of its vaccine ZyCoV-D.
The trials for the vaccine are underway and will be tested across 60 locations in 30,000 healthy adult volunteers in India, it said.
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