Left Menu
Development News Edition

Natco Pharma Q2 profit plunges 35 pc to Rs 118 cr

Natco Pharma Q2 profit plunges 35 pc to Rs 118 cr
Image Credit: Pixabay

Natco Pharma on Tuesday reported 35 percent decline in consolidated net profit at Rs 117.7 crore for the quarter ended September 30, 2019. The Hyderabad-based company had posted a profit of Rs 181.1 crore in the year-ago period, Natco Pharma said in a BSE filing.

Total income stood at Rs 518.9 crore for the quarter under review as against Rs 583.5 crore in the year-ago period, a decline of 11 percent, it added. "The decline in revenues and profits compared to the same period last year is primarily due to the anticipated drop in oseltamivir product sales in the US and Hep C sales in India," Natco Pharma said.

The company's board has recommended an interim dividend of Re 1 per equity share of Rs 2 each for the financial year 2019-20, it added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



JNU Administration's 100-meter challenge before JNUSU

For the first time in its history, Jawaharlal Nehru University JNU Administration is seeking permanent deployment of local police to keep protesting students at 100 meters away from the Administrative Block. It would be interesting to see h...

Sentiment Analysis of Twitter users during COP25: Governments losing trust on Climate Action

Sentiment analysis of Twitter users during COP25 in Madrid, being held from December 2-13, shows widespread fear on climate change due to global warming but almost no trust on governments in meeting the emission targets. In the analysis the...

These innovators are making humanitarian response more efficient

These alarming trends prompt a call for the world to not only address the ongoing crisis but also to adopt innovative approaches to fulfill the growing humanitarian needs in such emergencies. ...

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....


Latest News

Anant National University Leads Dialogue on Industrial Symbiosis in India

AHMEDABAD, India, Dec. 16, 2019 PRNewswire -- The Centre for Sustainability at Anant National University is working to solve the alarming mismanagement of industrial solid waste disposal in industrial estates in India which has led to nume...

Asked time from Amit Shah to discuss deteriorating law and order situation in Delhi: Kejriwal

Delhi Chief Minister Arvind Kejriwal on Monday said he has sought time from Union Home Minister Amit Shah to discuss the deteriorating law and order situation in the national capital.I am very worried about the deteriorating law and order i...

Myanmar has 'softened' stance following ICJ hearing, says Bangladesh Foreign Minister

Following the United Nations International Court of Justice ICJ hearing, Myanmar has softened its stance on the matter pertaining to Rohingya Muslims said Bangladesh Foreign Minister AK Abdul Momen. They have softened their stance. They hav...

WB: Several trains cancelled in Katihar division following public agitation against CAA

Due to public agitation following the implementation of the Citizenship Amendment Act, 2019, CAA several trains in the Katihar division of Northeast Frontier Railway will remain cancelled on Monday. The Chief Public Relations Officer, Easte...

Give Feedback