BusinessWire India

Ahmedabad (Gujarat) [India], May 18: Zydus Lifesciences Limited announces Q4 and FY24 financial performance. Summary:

Also Read | Ahmedabad: Wife Refuses to Have Sex Due to Urinary Tract Infection, Husband Threatens Her With Divorce; Counsellors Help Resolve the Conflict.

Financial Highlights of full year FY24

* Revenue from operations was Rs. 195,474 mn, up 13% over last year.* Net Profit was Rs. 38,595 mn, up 97% YoY.* EBITDA was Rs. 53,843 mn, up 40% YoY. EBITDA margin stood at 27.5%, an improvement of 510 bps over the previous year.* Research & Development (R&D) investments stood at Rs. 13,096 mn (6.7% of revenues).* Capex (organic) for the year was Rs. 8,628 mn.

Also Read | Best Museums in India: National Museum in New Delhi, Salar Jung Museum in Hyderabad - These Museums Are Reflections of India’s Rich Heritage.

Financial Highlights of Q4FY24

* Revenue from operations was Rs. 55,338 mn, up 10% over last year.* Net Profit for the quarter was Rs. 11,823 mn, up 299% YoY.* EBITDA for the quarter was Rs. 16,305 mn, up 30% YoY. EBITDA margin for the quarter stood at 29.5%, an improvement of 440 bps on a YoY basis.* Research & Development (R&D) investments for the quarter stood at Rs. 3,516 mn (6.4% of revenues).* Capex (organic) for the quarter was Rs. 2,126 mn.

Dr. Sharvil Patel, Managing Director - Zydus Lifesciences Limited, said "We are happy to close the year on a strong note, driven by robust performance across our businesses. Our relentless focus on patient centricity, operational efficiency, strategic investments, and execution of our diversified product portfolio continues to pay off, resulting in a significant improvement in profitability as well. We aspire to sustain strong performance in fiscal year 2024-25 with strong revenue growth and strive to improve EBITDA margins further from FY24 levels. This strong performance is a testament to our commitment to creating long-term value for our stakeholders, and we are well positioned for future growth and innovation."

Consolidated Financial Results

Q4 Results

(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)