AstraZeneca Pharma India's net profit slips 4 pc in Q1
This dip came despite a strong rise in revenue from operations, which grew 9.56 per cent sequentially to Rs 526.3 crore from Rs 480.4 crore, according to its stock exchange filing.
Other income saw a sharp decline of 30.43 per cent, dropping to Rs 11.2 crore from Rs 16.1 crore in Q4 FY25.
However, total income rose 8.23 per cent to Rs 537.5 crore from Rs 496.6 crore, driven by solid operational performance.
Total expenses increased by 12.12 per cent to Rs 462.4 crore, compared to Rs 412.4 crore in the previous quarter, the company stated in its regulatory filing.
Bhavana Agrawal, Chief Financial Officer and Director of the Company, said the strong quarterly performance reflects the power of science-led innovation combined with disciplined execution.
'Each regulatory milestone brings us closer to transforming outcomes for patients living with chronic diseases. We remain focused on expanding our portfolio, strengthening partnerships, and ensuring that breakthrough medicines reach the people who need them most,' she added.
Praveen Rao Akkinepally, Country President and Managing Director, said that delivering consistent growth across therapy areas reaffirms the strength of the company's 'Growth Through Innovation' strategy.
'These results are a testament to what is possible when science and purpose come together,' he noted.
AstraZeneca, a global science-led biopharmaceutical company, focuses on the discovery, development, and commercialisation of prescription medicines, primarily in oncology, cardiovascular, renal and metabolism, respiratory, and rare diseases.
The company operates in over 100 countries, with its medicines used by millions of patients worldwide.
Completing 45 years in India, AstraZeneca Pharma India Limited is headquartered in Bengaluru and employs over 600 people across the country.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
24 minutes ago
- India Today
Haryana private hospitals refuse treatment under Ayushman Bharat over pending dues
A week after private hospitals across Haryana suspended treatment under the Ayushmaan Bharat scheme over pending government payments, there is still no resolution, leaving around 1.5 crore beneficiaries without access to Indian Medical Association (IMA) Haryana called a halt to treatments, claiming the state government owes hospitals Rs 490 crore. Around 650 private hospitals in the state stopped accepting patients under the scheme, forcing many to delay or forego Kuldeep Mangla, who runs a private hospital in Panchkula and is part of the IMA's local chapter, said patient flow has almost stopped. "Certainly patients are getting affected and now hardly any patients turn up as they know that treatment under the scheme has been stopped. We feel their plight, but it is the government which is at fault and has not made the payments till now," he told India Today. He rejected Haryana Health Minister Aarti Rao's remarks that hospitals should not suspend treatment so early after joining the scheme."It is very difficult for hospitals to operate like this. We can't wait for ages for the payments. The government needs to understand this. Our issue is long pending, and we never planned that we would stop treatment in the initial months," Mangla Rao had earlier expressed disappointment over the hospitals' move. "It is very sad that the hospitals have stopped treatment. When these hospitals come to us and ask for empanelment, they should understand that they cannot stop treatment like this and that too in the initial months only. But we are in talks with the IMA," she aware of the suspension, are now largely avoiding private hospitals that were previously empanelled under Ayushmaan Bharat. Many are reportedly turning to government facilities, putting additional strain on Minister Nayab Saini said last week that a committee had been set up to verify the hospitals' bills, but so far, no payments have been released. The IMA maintains that the verification process cannot justify such long delays, especially when patient care is at neither side showing signs of backing down, the standoff remains unresolved. For now, the "ball is in the Haryana Government's court," as the IMA puts it, while beneficiaries of the central health scheme continue to face uncertainty over when — or if — their free treatment will resume.- Ends IN THIS STORY#Haryana
Time of India
39 minutes ago
- Time of India
CM expands financial powers of administrative secretaries, HoDs
New Delhi: In a move to accelerate "good governance", chief minister Rekha Gupta has enhanced the financial powers of administrative secretaries and heads of all Delhi govt departments, officials said on Thursday. Tired of too many ads? go ad free now According to CM, administrative secretaries will now be able to directly procure all IT-related items, and undertake repairs, rentals, and maintenance, in addition to purchasing equipment and other related material, without procedural delays. "CM highlighted that this is the first revision in officers' financial powers in nearly six years, with the last amendment made on Aug 7, 2019," CM's office said in a statement, adding that technological progress, rising costs, and the introduction of new welfare-oriented schemes have brought about significant changes in the execution of projects. "To build a 'Developed Delhi' and to ensure that the benefits of govt schemes reach the people promptly, her budget this year has risen to Rs 1 lakh crore, compared to Rs 54,800 crore at the time of the last revision. Therefore, the decision has been taken to make effective use of the allocated budget, prevent unnecessary delays in departmental work, speed up the execution of projects, and ensure their timely completion by increasing the financial powers of senior officers," the statement read. In special cases, Gupta added, administrative secretaries have been granted complete financial powers. These include the appointment of individual consultants, consultancies, professionals, project management units, and other specialists; the procurement, repair, rental, and maintenance of all IT-related items; the hiring of human resources; the purchase of equipment; and the acquisition of new vehicles in place of condemned ones. Tired of too many ads? go ad free now "This change in financial powers has been made to protect public trust and to accelerate Delhi's pace of development. It is our responsibility to ensure that public funds are used at the right time, in the right place, and for the right purpose. This decision will not only strengthen good governance but will also make service delivery to the public more effective and timely, while eliminating delays caused by unnecessary inter-departmental movement of files," she said.
India Today
an hour ago
- India Today
550 Mumbai chawl families receive keys of new redeveloped spacious apartments
Mumbai's century-old Worli BDD chawls saw a major shift on Thursday as 556 families received keys to their new 500-sq ft high-rise apartments under the long-pending redevelopment project. Residents are moving from cramped 180-sq ft rooms to modern 2-BHK homes, some offering sea redevelopment, carried out by Tata Housing in partnership with the Maharashtra Housing and Area Development Authority (MHADA), includes two completed towers of 40 floors each, with work on other buildings larger Bombay Development Department (BDD) chawl redevelopment — covering Worli, Naigaum in Dadar, and NM Joshi Marg — is estimated at over Rs 17,000 crore. Once complete, 15,593 families will transition from 160-sq ft homes to 500-sq ft apartments. Amenities in the new towers include a rainwater harvesting system, rooftop solar panels, automatic corridor light sensors, and planned parking month, residents were given a preview of "tower life" during an orientation session, which included guidelines such as not storing footwear or belongings in many, the day was the fulfilment of a decades-long wait. Ravindra Mayekar, 58, whose 75-year-old mother is among the beneficiaries, said, "We have been waiting for this house to be completed for years. It's a dream come true. People should stay in these houses and not sell them to others. This is gold which we should leave for our next generation".Others, still awaiting possession, expressed mixed feelings. Stayawan Bankar, who lives in an old building next to the construction site, said, "Construction is ongoing next to our building. Due to this, mosquito infestation has increased. Last year my daughter was admitted to the hospital twice. My dream of having a family is complete, now waiting for the dream of a house to be completed".For the Kulkarni family, Thursday was an emotional milestone. "It's my grandmother's deeds that we have got this house today. Since I was growing up I have been hearing that Worli BDD will be redeveloped. To see it happening is a dream come true. My family plans to stay here," said 22-year-old Varad to local property agent Santosh Singh, Worli's real estate rates range from Rs 60,000 per sq ft for regular flats to Rs 1.25 lakh for luxury units."In case of Worli BDD, because it's a redeveloped building, it will cost around Rs 30,000 to Rs 40,000 per sq ft even if made well. So the costing will be at Rs 2 crores per flat as a middle-class person can't pay more than," he the new homeowners, the move marks the beginning of a new chapter — one that transforms a 100-year-old community into a modern vertical neighborhood.- Ends IN THIS STORY#Mumbai
