Cadila Healthcare reports weak quarter with 64% PAT decline
DSIJ Intelligence / 11 Aug 2017
Cadila Healthcare Ltd. reported its results for the quarter ended June 30, 2017 today.
Cadila Healthcare Ltd. reported its results for the quarter ended June 30, 2017 today.
The total sales for this quarter, Q1FY18, came in at Rs 2,228.8 crore. This represents 11.73% sequential decline and 4.47% YoY decline.
The operating profit (EBIT) for the recently concluded quarter amounted to Rs 277.3 crore and the EBIT margin stood at 12.44%.
In terms of the bottomline, the company reported PAT figure of Rs 138.4 crore, which represents a sequential QoQ decline of 64% and a YoY decline of 65.26%.
The company’s stock, which opened for trading at Rs 464.95 on the BSE, has fallen by 0.09% after the results were declared, and is currently trading around the Rs 465 mark.
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