The drug maker's consolidated net profit jumped 317.70% to Rs 2,946.32 crore on a 9.5% rise in net sales at Rs 6,353.13 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) soared 326.90% to Rs 4,005.40 crore in Q3 December 2020 as against Rs 938.17 crore in Q3 December 2019. Current tax expense for the quarter surged 397.80% to Rs 1,083.15 crore as against Rs 217.17 crore in Q3 December 2019. The Q3 result was declared after trading hours yesterday, 10 February 2021.
EBITDA grew 13.3% to Rs 1368.60 crore in Q3 FY21 over Rs 1208 crore in Q3 FY20. EBITDA margin stood at 21.5% in Q3 December 2020 as against 20.5% in Q3 December 2019.
Formulation revenue for the quarter recorded a growth of 11.3% Y-o-Y to Rs 5,682.40 crore and accounted for 89.3% of total revenues.
Anti-retrovirals (ARVs) business revenue for Q3 FY21 was was at Rs 443.40 crore as compared to Rs 313.40 crore in Q3 FY20, an increase of 41.5% Y-o-Y and accounted for 7% of revenue. The increased conversion from TLE to TLD across the geographies has led to the growth.
In Q3 FY21, API business posted a revenue of Rs 682.50 crore and contributed 10.7% to the consolidated revenue. Research & Development (R&D) spend stood at Rs 390.50 crore during the quarter, which is, 6.1% of revenues. The pharmaceutical firm also filed 2 DMFs with USFDA during the quarter. The company received final approval for 13 ANDAs from USFDA including 9 injectables.
Commenting on the Q3 FY21 performance, N. Govindarajan, the managing director (MD) of the company, has said that: "We maintained growth momentum in our revenue and profitability despite COVID challenges. We are witnessing a steady progress in our specialty pipeline and continue to focus on growing our business, improving efficiencies and productivity."
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The board has approved an interim dividend of Rs 1.50 per equity share. The company has fixed 23 February 2021 as the record date.
Shares of Aurobindo Pharma fell 1.13% to Rs 956.90. Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients.
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