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Published on 12/08/2020 5:04:45 PM | Source: Dion Global Solutions Ltd

Natco Pharma Q1 net profit down 14.22% at Rs 126.70 cr

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The company reported standalone net profit of Rs 126.70 crore for the quarter ended June 30, 2020 as compared to Rs 147.70 crore in the same period last year, registering a year-on-year decline of 14.22 per cent. Net revenue of the company rose moderately by 14.53 per cent at Rs 532.20 crore in April-June quarter of this fiscal as against Rs 464.70 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 33.68 per cent to Rs 359.60 crore from Rs 269.00 crore in year ago period. Other Income dipped by 2.45 per cent at Rs 19.90 crore versus (Jun'19 Rs 20.40 crore). Operating Profit slipped by 11.80 per cent to Rs 172.60 crore as against Rs 195.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.99 per cent in June quarter. Interest declined by 46.77 per cent y-o-y to Rs 3.30 crore, while Taxation decreased by 14.04 per cent at Rs 34.90 crore (Jun'19 Rs 40.60 crore).