Natco Pharma Q2 profit declines to Rs 118 crore due to drop in oseltamivir product sales in US

Published On 2019-11-13 04:03 GMT   |   Update On 2021-08-16 07:19 GMT

"The decline in revenues and profits compared to the same period last year is primarily due to the anticipated drop in oseltamivir product sales in the US and Hep C sales in India," Natco Pharma said.


New Delhi: Natco Pharma on Tuesday reported a 35 per cent decline in consolidated net profit at Rs 117.7 crore for the quarter ended September 30, 2019.


The Hyderabad-based company had posted a profit of Rs 181.1 crore in the year-ago period, Natco Pharma said in a BSE filing.


Total income stood at Rs 518.9 crore for the quarter under review as against Rs 583.5 crore in the year-ago period, a decline of 11 per cent, it added.


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"The decline in revenues and profits compared to the same period last year is primarily due to the anticipated drop in oseltamivir product sales in the US and Hep C sales in India," Natco Pharma said.


The company's board has recommended an interim dividend of Re 1 per equity share of Rs 2 each for the financial year 2019-20, it added


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Article Source : PTI

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