Abbott India's net profit rose 5% to Rs 205.64 crore in Q1 FY23 as against Rs 195.76 crore posted in Q1 FY22.
Revenue from operations was at Rs 1,304.37 crore for the quarter ended 30 June 2022 as against Rs 1,217.83 crore during the same period in the previous year, registering a growth of 7.1%.The drug maker's profit before tax increased 4.4% to Rs 275.19 crore in Q1 FY23 from Rs 263.59 crore in Q1 FY22.
Total expenses rose 8.43% year on year to Rs 1,055.54 crore in the quarter ended 30 June 2022. Cost of materials consumed stood at Rs 158.08 crore (up 31.18% YoY) and employee benefits expense was at Rs 152.09 crore (up 4.55% YoY).
Abbott India has a portfolio of science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.
Shares of Abbott India declined 1.36% to Rs 19,341.90 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app