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Financial Results

Middle East and Africa pharma economy to reach US$38.8bn by 2021

CPhI Middle East & Africa opens in Abu Dhabi as finished dosage formulations expand quickly, driven by government reforms to further increase local manufacturing Amsterdam, August 15, 2018: CPhI MEA (Middle East and Africa) launches next month as favourable market conditions are...

Morepen Labs begins FY 2018-19 with a Sound Performance in the First Quarter

Company reports 93 percent rise in its consolidated net profit and 26 percent rise in its consolidated net sales revenue in Q1 of FY 2018-19 New Delhi, August 15, 2018: Highlights Q1 FY 2018-19 (Consolidated) Net Sales Revenue up by...

Apollo Hospitals announces Q1 FY19 results

New Delhi, August 12, 2018: Q1FY19 Standalone Revenues grew 16% to Rs.19,104 million compared to Rs.16,504 million in Q1FY18, aided by SAP growth of 20% and Healthcare services growth of 12% YoY. HC services growth of 12% YoY was...

Glenmark Pharma Q1 profit at ₹232.99 crore

New Delhi, August 12, 2018: Pharma major Glenmark Pharmaceuticals on Friday reported consolidated net profit of ₹232.99 crore in the first quarter ended 30 June 2018. The company had posted consolidated net profit of ₹333.38 crore in the same quarter...

Pharmaceutical exports up 3% to $17.3 billion in 2017-18

New Delhi, August 12, 2018: India's pharmaceutical exports grew merely 3 percent to $17.3 billion in 2017-18 due to increasing regulatory concerns and pricing pressures in the global markets, including the US. The sector's exports in 2016-17 had declined to...

Taro Pharma Q1 profit up 23% to $67.3m; operational income dips 19%

New Delhi, August 12, 2018: Net sales during the quarter fell 4.2 percent to $154.6 million compared to $161.3 million in same period last fiscal. Taro Pharmaceutical Industries, the US subsidiary of Sun Pharma, has reported a 23.5 percent year-on-year growth...

Cipla announces Q1 FY19 results

Mumbai, August 08, 2018: Cipla Limited (BSE: 500087, NSE: CIPLA) today announced its unaudited consolidated financial results for quarter ended June 30, 2018. Financials: Strong YoY sales growth of 12% with EBITDA growing by 12% R&D investments at ~INR 278cr...

Narayana Hrudayalaya Limited Q1 FY19 Consolidated operating income at Rs 6,523 mn (y-o-y of...

Bengaluru, August 06, 2018: Narayana Hrudayalaya Limited, a leading healthcare service provider in India, today announced its financial results for the first quarter (Q1 FY19) ended June 30th, 2018.  Financial Highlights for the Quarter (Q1 FY19) - Prepared in accordance with Ind...

ICRA: Profitability of hospitals touch a multi-year low as regulatory changes hit structural strengths...

New Delhi, August 05, 2018: The health of the hospital sector has been deteriorating since early CY2017 due to several factors that have adversely affected its profitability. These include the implementation of the Goods and Services Tax (GST), cap...

Emami Q1 profit rises sharply; sales volume shows increase

Kolkata, August 04, 2018: Kolkata-based Emami Ltd has posted a sharp jump in its consolidated net profit to ₹26 crore for the first quarter of FY19, against ₹89 lakh in the same period last year. According to NH Bhansali, Emami’s CEO -...