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Regular-article-logo Thursday, 25 April 2024

Abbott India reports 54% rise in net profit

Revenue from operations stands at Rs 1,064.27 crore for the quarter under consideration

PTI New Delhi Published 09.08.20, 03:26 AM
The company had logged a profit of Rs 272.44 crore in the year-ago period, Divi’s Laboratories said in a filing.

The company had logged a profit of Rs 272.44 crore in the year-ago period, Divi’s Laboratories said in a filing. Shutterstock

Drug firm Abbott India has reported a 54.22 per cent rise in its net profit at Rs 180.35 crore for the June quarter of 2020. It had posted a net profit of Rs 116.94 crore a year ago.

Revenue from operations stood at Rs 1,064.27 crore for the quarter under consideration. It was Rs 998.89 crore for the same period a year ago.

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Meanwhile, Drug firm Divi’s Laboratories has reported an 80.61 per cent rise in consolidated net profit at Rs 492.06 crore for the June quarter of 2020 mainly on account of robust sales.

The company had logged a profit of Rs 272.44 crore in the year-ago period, Divi’s Laboratories said in a filing.

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