Abbott India Q3 PAT rises 24% YoY to Rs 247 cr

Image
Capital Market
Last Updated : Feb 10 2023 | 2:31 PM IST

The pharmaceutical company's net profit jumped 23.91% to Rs 246.83 crore in Q3 FY23 as compared to Rs 199.20 crore recorded in Q3 FY22.

Revenue from operations was at Rs 1,326.48 crore in Q3 FY23, up 8.34% from Rs 1,224.36 crore reported in the corresponding quarter previous year.

Profit before tax grew 25.57% year on year to Rs 334.83 crore in the quarter ended 31 December 2022.

Total expenses rose 5.65% to Rs 1,031.59 crore in Q3 FY23 over Q3 FY22. Cost of materials consumed stood at Rs 134.26 crore (up 24.23% YoY) while employee benefits expense was at Rs 135.24crore (down 4.51% YoY) during the quarter.

Abbott India has a portfolio of science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.

Shares of Abbott India were up 0.18% to Rs 20,897.90 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 premium 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

More From This Section

Gold price in Delhi today is ₹ 84,470, Click Here for other cities. Silver price in Delhi today is ₹ 84,470, Click Here for other cities.

First Published: Feb 10 2023 | 2:24 PM IST

Next Story