18 Feb 2019 | 2:36 AM

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COMPANYNEWS
Natco Pharma Q3 net profit down 25.45% at Rs 162.00 cr
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Published on 02-12-2019
The company reported standalone net profit of Rs 162.00 crore for the quarter ended December 31 2018 as compared to Rs 217.30 crore in the same period last year registering a year-on-year decline of 25.45 per cent.


Net revenue of the company declined marginally by 1.55 per cent at Rs 531.90 crore in October-December quarter of this fiscal as against Rs 540.30 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 26.57 per cent to Rs 321.50 crore from Rs 254.00 crore in year ago period.


Other Income grew by 111.61 per cent at Rs 23.70 crore versus (Dec`17 Rs 11.20 crore).


Operating Profit slipped by 26.51 per cent to Rs 210.40 crore as against Rs 286.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 25.34 per cent in December quarter.


Interest grew by 75.61 per cent y-o-y to Rs 7.20 crore while Taxation decreased by 24.75 per cent at Rs 44.40 crore (Dec`17 Rs 59.00 crore).