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Q2 results: Pfizer reports 52.11 percent decline in net profit at Rs 148.96 crore
New Delhi: Drug firm Pfizer Ltd has reported 52.11 per cent decline in net profit at Rs 148.96 crore for the second quarter ended September 2023.
The company had logged a net profit of Rs 311.07 crore in July-September period a year ago, according to a regulatory filing by Pfizer.
Revenue from operations declined 9.76 per cent to Rs 575.21 crore in the quarter as against Rs 637.47 crore in the year-ago period.
Read also: USFDA nod for Pfizer Meningococcal vaccine Penbraya
Total expense was at Rs 410.76 crore, down 5.66 per cent.
Total income was at Rs 611.28 crore in September quarter 2023-24, down 7.62 per cent.
Read also: Pfizer gains unconditional EU antitrust nod for proposed USD 43 billion Seagen acquisition
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751