Alembic Pharma Q2 net rises to Rs 121 crore

Total income declines by 9.44 per cent to Rs 796.96 crore

Alembic Pharmaceuticals reported a 1.44 per cent increase in consolidated net profit at Rs 121.56 crore for the second quarter ended September 30, mainly on account of decline in total income. The company had posted a net profit of Rs 119.83 crore in the corresponding period of the previous fiscal.

Total income declined by 9.44 per cent to Rs 796.96 crore for the quarter under review against Rs 880.05 crore in the same period a year ago, Alembic Pharmaceuticals said in a BSE filing.

During the quarter, the company’s international formulations business revenue fell 25.56 per cent to Rs 262 crore while the US formulations business revenue fell 29.36 per cent to Rs 190 crore.

Alembic Pharmaceuticals said its India formulations business grew 6 per cent to Rs 385 crore.