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Cadila Healthcare reports 23% drop in Q1 consolidated net profit

04 Aug 2016 Evaluate

Cadila Healthcare has reported results for the first quarter ended June 30, 2016.

The company has reported 70.78% fall in its net profit at Rs 165.10 crore for the quarter ended June 30, 2016 as compared to Rs 565.00 crore for the same quarter in the previous year. The company’s total income decreased by 31.94% to Rs 1315.50 crore for the quarter under review from Rs 1932.90 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 22.60% fall in its net profit after taxes, minority interest and share of profit of associates and joint venture at Rs 356.20 crore for the quarter ended June 30, 2016 as compared to Rs 460.20 crore for the same quarter in the previous year. Total Income of the company decreased by 4.33% to Rs 2302.40 crore for the quarter under review from Rs 2406.60 crore for the same quarter ended June 30, 2015.

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