Aurobindo Pharma's net profit rises 4.6% at Rs 639.5 crore in Q2, revenues grow nearly 18%
FirstpostFormulation revenues for the quarter posted a growth of 21.8% YoY to Rs 4,793.8 crore and accounted for 85.6% of total revenues. Hyderabad: Aurobindo Pharma Limited on Tuesday said its consolidated net profit for the quarter ended 30 September was up by 4.6 percent to Rs 639.5 crore against Rs 611.4 crore in the Q2 FY 19. Revenues from operation grew by nearly 18 percent to Rs 5600.5 crore. Our R&D initiatives have been progressing well across the products basket and we have started clinical trials for our first biosimilar product in Q3 FY 20.” Formulation revenues for the quarter posted a growth of 21.8 percent YoY to Rs 4,793.8 crore and accounted for 85.6 percent of total revenues, while EU formulations revenue in Q2 FY20 witnessed a growth of 21.2 percent YoY to Rs 1,401.3 crore, the release said.