Natco Pharma Q1 Profit Jumps 59% to Rs 668 Cr
Aug 12, 2024 17:29
Natco Pharma's consolidated net profit surged 59% to Rs 668 crore in Q1 FY24, driven by strong revenue growth. The company also declared an interim dividend of Rs 3 per share.
New Delhi, Aug 12 (PTI) Natco Pharma on Monday said its consolidated net profit increased 59 per cent to Rs 668 crore in the first quarter ended June 30, 2024.
The company had reported a net profit of Rs 420 crore for April-June period of last fiscal.
Revenue from operations rose to Rs 1,363 crore from Rs 1,140 crore in the year-ago period, Natco Pharma said in a regulatory filing.
The company said its board has declared an interim dividend of Rs 3 per share of Rs 2 each for financial year 2024-25.
Shares of the company on Monday ended 3.48 per cent up at Rs 1,491.30 apiece on the BSE.
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