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    • Suven Life Sciences Q2...

    Suven Life Sciences Q2 revenue up 39pc to Rs 280 crore

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-11-20T09:30:32+05:30  |  Updated On 14 Aug 2021 11:40 AM IST

    Suven Life Sciences provides contract research and manufacturing services to global life sciences companies. It plans to invest 75 million dollars (about Rs 520 crore) in the new business.


    Hyderabad: Suven Life Sciences on Thursday reported 26.5 per cent quarter-on-quarter jump in its profit after tax at Rs 72 crore during the July to September period.


    In the April to June quarter, it had clocked profit of Rs 57 crore. The company reported revenue of Rs 280 crore in Q2 FY20, up 38.6 per cent from Rs 202 crore in Q1 FY20.


    Growth in earnings before interest, tax, depreciation and amortisation (EBITDA) levelled at Rs 116 crore in the first quarter of current fiscal, 25 per cent higher from Rs 93 crore in the first quarter.


    During the period, Suven secures 13 product patents covering Australia, Canada, Europe, Eurasia, India, Japan, South Korea, South Africa, Sri Lanka and the United States.


    For the first half (April to September), revenue grew by 63 per cent to Rs 482 crore while profit after tax was up by 128 per cent at Rs 129 crore. EBITDA increased by 115 per cent to Rs 209 crore.


    Read Also: Suven Life Sciences gets US court nod to buy assets of Rising Pharmaceuticals


    "Suven's major thrust on innovative R&D in drug discovery continues with a spending of Rs 27.8 crore (5.76 per cent on income) for the half year ended September," it said in a statement.


    The pharma major provides contract research and manufacturing services to global life sciences companies. It plans to invest 75 million dollars (about Rs 520 crore) in the new business.


    Read Also: Suven Life Sciences secures Product Patent in Brazil, Eurasia

    EBITDAFinancial resultsQ1 FY20september quarter resultssuven life profitsuven life Q2 resultssuven life revenueSuven Life Sciences
    Source : ANI

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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