Cadila Healthcare Q1 PAT down 30% as GST hurts domestic business

Sales grew by 14% to Rs 1,000 cr

Cadila Healthcare (or Zydus Cadila) posted a 30 per cent year on year (Y-o-Y) drop in standalone net profit for the quarter ended June 30, 2017, to Rs 91.4 crore, while its sales grew by 14 per cent to Rs 1,000.4 crore.

For the first quarter of the current financial year, Zydus Standalone sales grew by 14 per cent from Rs 875 crore in the corresponding quarter last fiscal. At the same time, its net profit fell 30 per cent from Rs 130.4 crore in Q1FY17.

On a consolidated basis, the company posted a 4.2 per cent drop in sales