Latest News | Zydus Lifesciences Q2 Net Profit Falls to Rs 522.5 Crore

New Delhi, Nov 11 (PTI) Zydus Lifesciences' consolidated net profit fell to Rs 522.5 crore in the second quarter ended September 2022 as against a profit of Rs 3,002.3 crore registered in the year-ago period.

The company's revenue from operations stood at Rs 4,134.7 crore during the July-September quarter from Rs 3,759.8 crore in the corresponding period of the previous fiscal, a release said.

Also Read | HPSC Recruitment 2022: Vacancies Notified for 53 Sub Divisional Engineer Posts, Apply Online at hpsc.gov.in.

Sharvil Patel, Managing Director, Zydus Lifesciences Limited, said: "Our Q2 FY23 performance reflects strong execution in our key businesses, sustaining growth momentum and profitability.

"While new launches including gRevlimid aided US growth, India formulations continued to deliver double-digit growth, excluding COVID related revenues. We expect to improve our profitability steadily going ahead, and remain on track to deliver 20 per cent-plus EBITDA margins for the current fiscal."

Also Read | Bharat Jodo Yatra: Man From Tamil Nadu Taking Part in Padayatra Dies After Being Hit by Truck in Maharashtra's Nanded; Rahul Gandhi Expresses Grief.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)