Aurobindo Pharma Q4 net almost flat at ₹903 crore
The lower net profit came on a 10.6% increase in revenue from operations to ₹8,382 crore (₹7,580 crore) and total expenses rising more than 12% to ₹7,149.6 (₹6,351.1 crore).
Formulations revenue from the key U.S. market increased 13.5% YoY to ₹4,072 crore, while in Europe it rose 17.2% to ₹2,147 crore. Growth Markets formulations revenue declined 7.8% to ₹786 crore.
Total formulations revenue at ₹7,313 crore (₹6,510 crore) was an increase of 12.3%. Total API revenue was 5% higher at ₹1,069 crore (₹1,019 crore).
It was another quarter and year of all-time high sales and EBITDA, 'reflecting the strength of our core businesses, consistent volume-led growth and the depth of our differentiated product portfolio,' vice-chairman and MD K. Nithyananda Reddy said.
Aurobindo's European operations continue to perform exceptionally well and moving steadily towards the $1-billion revenue milestone. 'Backed by our ongoing capacity enhancements we remain firmly positioned to sustain our trajectory,' he said in a release.
For the fiscal ended March, the company's consolidated revenue from operations was 9.4% higher at ₹31,724 crore (₹29,002 crore). Net profit increased 9.9% to ₹3,484 crore (₹3,169 crore).
Net profit for the fourth quarter on a standalone basis slumped 30% to ₹408.1 crore (₹578.6 crore) on a revenue from operations that declined to ₹2,731.9 crore (₹2,894 crore).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
Zelenskyy speaks with Trump ahead of Putin ceasefire deadline
Ukrainian President Volodymyr Zelenskyy said on Tuesday that he had had a 'productive' conversation with his US counterpart Donald Trump on ending the war, sanctions on Russia and the finalisation of a US-Ukraine drone deal. Trump, who has signalled frustration with Vladimir Putin in recent weeks, has given the Russian president until August 8 to make peace in Ukraine or face tougher sanctions. 'President Trump is fully informed about Russian strikes on Kyiv and other cities and communities,' Zelenskyy wrote on X, referring to intensifying drone and missile attacks. Trump has threatened to hit Russia with new sanctions and impose 100% tariffs on countries that buy its oil, but sources close to the Kremlin told Reuters that Putin was unlikely to bow to the ultimatum. Zelenskyy said Ukraine was also ready to conclude a deal with the US on the purchase of Ukrainian drones that would amount to 'one of the strongest agreements'. He had earlier said the deal was worth around $30 billion. Ukraine is increasingly seeking financing and investment from its foreign partners to bolster its burgeoning domestic arms industry. Zelenskyy said Kyiv's European partners had so far pledged to buy more than $1 billion in US weapons for Ukraine as part of a new scheme.
The Hindu
an hour ago
- The Hindu
Cadillac will add value as 11th F1 team, says McLaren's Zak Brown
Cadillac's arrival in Formula One next year as an 11th team will bring added financial value with new partners and more fan engagement rather than diluting resources, according to McLaren's American chief executive Zak Brown. The General Motors-backed team have taken staff already from rival outfits, their European headquarters at Silverstone being close to other factories, and are also competing for sponsorship. Brown, whose team are dominating this year's championship after winning the 2024 constructors' title, saw no reason to fear a dilution of resources, however. 'I think on employees they are definitely going to take a lot more than they give, which is fine,' he said at last weekend's Hungarian Grand Prix. 'My general view is if someone wants to go work for a rival team then shame on me. ALSO READ | McLaren boss says Formula 1 is healthier without Horner 'For sponsors, I think they'll bring more new to the table than take.' Brown expected Cadillac also to bring more competition eventually, although it faced a tough challenge as newcomers, and more fans to a series that now has three U.S. rounds and a growing audience in America. 'Will we get a better U.S. TV deal, more American presence? I think their sponsors and Cadillac will spend money in the sport, the teams get a percentage of that so I see them as a value add to the sport,' he added. 'I'm not worried about maybe some of the short term-ness of they are going to take an employee here or there or poach a sponsor here or there. I think the contribution will be bigger than that.' Cadillac secured approval of their bid in March, after a 764-day entry process and initial opposition from Formula One and the other 10 teams wary of a potential reduction in the share of revenues. The team are also backed by TWG Global, whose CEO Mark Walter has an estimated net worth of $12.5 billion, according to the Bloomberg Billionaires Index.
New Indian Express
an hour ago
- New Indian Express
Services sector growth at 11-month high in July, but hiring hits 15-month low
MUMBAI: The services sector continued its strong run in July, hitting an 11-month high of 60.5, slightly up from 60.4 in June, according to a private reading of the data. But the hiring data poured cold water on the overall growth as fresh headcount addition weakened in the reporting month to a 15-month low. According to the services purchasing managers index (PMI), compiled by S&P Global for HSBC India, the services activity rose to an 11-month high of 60.5, driven by robust export orders. This comes on heels of flash manufacturing PMI rising to 60.7 in July, a 16-month peak. Survey respondents cited strong advertising campaigns, new client onboarding, and solid demand as the primary drivers of growth. Export orders improved, with firms securing contracts from Asian, American, Canadian, European, the UAE importers. Sectorally, finance and insurance led growth, while real estate and business services lagged. However, all in not well with hiring slowing despite surging demand. Despite healthy order books, employment growth eased to its weakest pace in 15 months, with fewer than 2% of the surveyed companies adding staff in July. 'At 60.5, the services PMI indicates a strong growth momentum, led by a pick-up in exports. Optimism has risen but remains below the first half levels,' said HSBC India chief economist Pranjul Bhandari said in a note. Also, another negative is the rising price pressure with the report noting that input costs and output charges are rising at a faster pace than in June, reflecting higher food, freight, and labour expenses, she says.
