Aurobindo Pharma Q1 profit at ₹456 crore, misses estimates

Posted on by KNBT

Expenses rose 24.4% to ₹3,723 crore, while revenue from operations stood at ₹4,182 crore. Photo: Bloomberg

Expenses rose 24.4% to ₹3,723 crore, while revenue from operations stood at ₹4,182 crore. Photo: Bloomberg

Bengaluru: Aurobindo Pharma Ltd reported a 12% fall in quarterly profit on Thursday and missed analysts’ expectations, hurt by higher expenses.

Net profit was ₹456 crore ($66.40 million) in the first quarter ended 30 June, compared with ₹519 crore a year earlier, the Hyderabad-headquartered company said in a statement.

Analysts on average had expected a net profit of ₹529 crore, according to estimates by Thomson Reuters I/B/E/S.

Expenses rose 24.4% to ₹3,723 crore, while revenue from operations stood at ₹4,182 crore.

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