Finance Update Uncategorized

Cadila Healthcare Q3 profit falls 6% to Rs 511 crore

Cadila Healthcare on Thursday reported 6% dip in consolidated net profit to Rs.510.7 crore for December quarter 2018

  • Revenue up 10% to Rs. 3,578 crore.
  • Net profit down by 6% to Rs. 511 crore.
  • Ebitda down by 1% to Rs. 841 crore.
  • Margin at 23.5% versus 26.3%.

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Total revenue, however, rose to Rs.3,608.9 crore for the latest quarter as against Rs.3,285.6 crore in the same period of 2017-18.

Cadila Healthcare on Thursday reported 6% dip in consolidated net profit to Rs 510.7 crore for December quarter 2018, mainly on account of rise in expenses. It had posted a net profit of Rs 543.3 crore in the corresponding period of the previous fiscal, the drug firm said in a filing to BSE.

Total revenue, however, rose to Rs.3,608.9 crore for the latest quarter as against Rs.3,285.6 crore in the same period of 2017-18.

Stock of Cadila Healthcare settled at Rs.323 on BSE, up 1.46 per cent from the previous close.

 

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