Pharmaceuticals company Alembic Pharmaceuticals announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Net Sales increased 8% to Rs 1,517 crore.
- Net Profit up 17% to Rs 178 crore
- EBITDA up 29% to Rs 263 crore
FY24 Financial Highlights:
- Net Sales grew 10% to Rs 6,229 crore.
- Net Profit up 80% to Rs 616 crore
- EBITDA up 41% to Rs 961 crore.
Shaunak Amin, MD, Alembic Pharmaceuticals said “India Branded Business continues to work on improving the execution ability both in quality & scale. The Specialty and Animal health segment witnessed robust growth. The outlook for the US business appears better, with the commercialization of new facilities and launches set to scale up along with continued progress in achieving cost improvements. The Ex-US generics and the API business maintained a steady continuous growth.”