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

About the Author

Snehangshu Dasgupta,

Managing Editor
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