Latest News | Aurobindo Pharma Q1 Net Profit Up 23 Pc to Rs 781 Cr

New Delhi, Aug 12 (PTI) Drug firm Aurobindo Pharma on Wednesday reported a 22.81 per cent rise in its consolidated net profit to Rs 780.68 crore for the quarter ended on June 30, 2020, mainly on account of robust sales in the US market.

The company had posted a net profit of Rs 635.68 crore for the corresponding period of the previous fiscal, Aurobindo Pharma said in a filing to BSE.

Also Read | Realme 6i Online India Sale Today at 12 Noon via Flipkart, Check Prices & Exciting Offers.

Consolidated revenue from operations of the company stood at Rs 5,924.78 crore for the quarter under consideration. It was Rs 5,444.60 crore for the same period a year ago, it added.

"Amid challenging times, we have started the financial year by reporting a healthy performance. We have ensured the business continuity without compromising the safety and wellbeing of our employees," Aurobindo Pharma Managing Director N Govindarajan said.

Also Read | Naagin 5: Hina Khan Wraps Up Shooting For Her Parts on Ekta Kapoor's Supernatural Show (View Pic).

The company is committed to adhering to quality standards by investing continuously and developing a differentiated product pipeline for sustainable growth, he added.

US formulation revenue for the quarter ended June this fiscal was at Rs 3,107.1 crore as against Rs 2,688.4 crore in the first quarter of financial year 2020, registering a growth of 15.6 per cent year-on-year and accounting for 52.4 per cent of the consolidated revenue , the filing said.

Interim dividend of Rs 1.25 per equity share of Re 1 has been approved by the board for financial year 2020-21, it added.

Shares of Aurobindo Pharma closed at Rs 934 per scrip on the BSE, down 1.14 per cent from the previous close.

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