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Zydus Wellness reports 9% rise in Q4 consolidated net profit

17 May 2023 Evaluate

Zydus Wellness has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 2- fold jump in net profit at Rs 28.66 crore for the quarter under review as compared to Rs 13.41 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 2.59% at Rs 62.32 crore for Q4FY23 as compared to Rs 63.98 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 9.02% rise in its net profit at Rs 145.33 crore for fourth quarter ended March 31, 2023 as compared to Rs 133.30 crore for the same quarter in the previous year. Total income of the company increased by 11.21% at Rs 713.70 crore for Q4FY23 as compared to Rs 641.74 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 5- fold jump in its net profit at Rs 66.42 crore as compared to Rs 12.70 crore for the previous year. Total income of the company increased by 14.40% at Rs 265.00 crore for year under review as compared to Rs 231.65 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 0.48% marginal rise in its net profit at Rs 310.37 crore as compared to Rs 308.87 crore for the previous year. Total income of the company increased by 11.89% at Rs 2259.65 crore for year under review as compared to Rs 2019.50 crore for year ended March 31, 2022.

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