INSUBCONTINENT EXCLUSIVE:
"We have had a good start to the financial year with a steady all-round performance...," Piramal Pharma Chairperson Nandini Piramal said
Illustration: Ajay Mohanty2 min read Last Updated : Jul 26 2024 | 11:30 PM IST
Piramal Pharma Ltd on Friday reported a narrowing of
consolidated net loss at Rs 88.64 crore in the first quarter that ended June 30, 2024, on the back of higher sales.
The company had posted
a consolidated net loss of Rs 98.58 crore in the same quarter last fiscal, Piramal Pharma said in a regulatory filing.
Consolidated
revenue from operations in the quarter under review stood at Rs 1,951.14 crore as compared to Rs 1,748.85 crore in the year-ago period, the
company added.
Total expenses in the first quarter were higher at Rs 2,038.16 crore as compared to Rs 1,908.66 crore in the same period a
year ago.
"We have had a good start to the financial year with a steady all-round performance...," Piramal Pharma Chairperson Nandini
Piramal said.
The company's CDMO (Contract Development and Manufacturing Organisation) business continues to witness sustained order
inflows, especially for on-patent commercial manufacturing, she added.
"We are also seeing good demand for our differentiated offerings
with an increase in customer enquiries and visits
In our CHG (Complex Hospital Generics) business, our planned expansion for inhalation anaesthesia portfolio is on track and is expected to
get commercialised in FY26," Piramal said.(Only the headline and picture of this report may have been reworked by the Business Standard
staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Jul 26 2024 | 11:30 PMIST
