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Indoco Remedies reports 92% fall in Q1 consolidated net profit

23 Jul 2024 Evaluate

Indoco Remedies has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 42.37% fall in its net profit at Rs 14.95 crore for the quarter ended June 30, 2024 as compared to Rs 25.94 crore for the same quarter in the previous year. Total income of the company decreased by 4.33% at Rs 404.95 crore for Q1FY25 as compared to Rs 423.29 crore for the corresponding quarter previous year. 

On consolidated basis, the company has reported 92.47% fall in its net profit at Rs 1.82 crore for Q1FY25 as compared to Rs 24.18 crore for the same quarter in the previous year. However, total income of the company increased by 1.31% at Rs 432.52 crore for Q1FY25 as compared to Rs 426.91 crore for the corresponding quarter previous year.

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