Alembic Pharmaceuticals Q3 Net Profit up 38% to Rs 234 crores

▴ Alembic Pharmaceuticals Limited
Alembic Q3 up by 38%

Alembic Pharmaceuticals Limited reported its consolidated financial results for the quarter ending 31st December 2019.
Financial Highlights for the same period were revenue for the quarter up 19% to Rs 1209 crores from Rs. 1018 crores
and Net Profit for the quarter up 38% to Rs 234 crores from Rs 170 crores.


Mr Pranav Amin, Managing Director, Alembic Pharmaceuticals Limited said "It was a good quarter for the company led by strong growth in the International Markets. We launched 7 products in the US market during the quarter."


Other operational highlights for the quarter were

International Business
• International formulations grew 48% to Rs 664 crores in the quarter.
• US Generics grew 61 % to Rs 515 crores in the quarter.
• Ex-US Sales grew 15% to Rs 149 crores in the quarter.
• 8 ANDA approvals received during the quarter and total tally stand at 110.
• 6 ANDA filings during the quarter; Cumulative ANDA filings at 176


India Formulations Business
• The India formulations business was Rs 368 crores for the quarter as against Rs
365 crores last year.
API Business
• The API business grew 2% to Rs 553 crores as against Rs 540 crores.
• 2 DMF was filled in the quarter

Tags : #alembic #pharmaceuticals #results #profit #medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Seven-Year-Old Fights Back Against Rare Autoimmune DiseaseDecember 26, 2024
Olympus Named to Dow Jones Sustainability World Index for the Fourth Consecutive YearDecember 26, 2024
American Oncology Institute (AOI) in Nagpur Restores Mobility with KyphoplastyDecember 26, 2024
Sanjeevani Healthcare & Wellness Expo 2024: A Dynamic Platform for Global Healthcare CollaborationDecember 23, 2024
Ranitidine: Saviour or Suspect? The Truth Behind the Stomach Acid RemedyDecember 23, 2024
From One-Size-Fits-All to Precision Medicine: The New Hope for Rare Bone Cancer PatientsDecember 23, 2024
World Meditation Day: India’s Gift of Peace to a Chaotic WorldDecember 23, 2024
Breaking New Ground in Migraine Care: A Landmark Session on Diagnosis and TreatmentDecember 23, 2024
Black Angels remind us of centuries of injustices plaguing the TB responseDecember 20, 2024
Healthcare Startups to Watch Out for in 2025December 20, 2024
Biobank Blueprint: Redefining Diabetes Diagnosis and Treatment in IndiaDecember 20, 2024
The Future of Malaria Prevention: Can This Vaccine Eliminate the Disease?December 20, 2024
Why the World Trusts Indian Pharmaceuticals for Life-Saving SolutionsDecember 20, 2024
International Tsunami Conference Concludes at AmritapuriDecember 20, 2024
Prestige Marks 75 Years of Revolutionizing Home Cooking with Iconic Innovative ProductsDecember 20, 2024
Revolutionizing Education: Online Learning Platforms Transforming Study Materials for Board and Competitive ExamsDecember 19, 2024
Why Your Blood Pressure Reading Might Be a Lie and How to Fix ItDecember 19, 2024
Vaccines, Cards, and Digital Records: How India is Fighting Healthcare InequalityDecember 19, 2024
Bridging Borders: Sri Lanka’s President Explores India’s Healthcare and HeritageDecember 19, 2024
Jeevan Jyoti Project Brings Eye Care to Alwar's Rural CommunitiesDecember 19, 2024