Strides Pharma Science Q2 loss at Rs 149 cr

New Delhi: Strides Pharma Science on Monday reported a consolidated net loss of Rs 149 crore for the second quarter ended September 30, 2023. The drug firm had reported a net profit of Rs 19 crore for the year-ago period.

Total income, however, rose to Rs 1,035 crore in the second quarter as compared to Rs 920 crore in the year-ago period, Strides Pharma said in a regulatory filing.

“The significant loss for the current quarter and half year ended September 30 has been on account of continuing operating losses, finance costs and others,” the drug firm said.

Strides Pharma Science Founder, Executive Chairperson and Managing Director, Arun Kumar said, the company’s revenues crossed Rs 1,000 crore in the second quarter, a first time milestone for the company.

“A disciplined approach to product launches and sustainable market share on existing products and seeding new geographies will ensure we continue to grow from the base we have established for ourselves,” he added.

In a separate filing, the company said, its Chief Operating Officer Christoph Funke has resigned and will be replaced by Ramaraju PVS with effect from March 1, 2024.

Shares of the company ended 1 per cent down at Rs 488.75 apiece on the BSE.

Related Posts

  • Pharma
  • November 9, 2024
  • 111 views
Telangana DCA Seize Narcotic Drugs, Psychotropic Substances From Private Hospitals

Hyderabad:  The Telangana Drugs Control Administration busted the illegal stocking and sale of Narcotic Drugs and Psychotropic Substances in private hospitals in Hyderabad in a joint operation carried along with…

  • Pharma
  • November 9, 2024
  • 112 views
Mohali Police Bust Unit Producing Fake Medicine

Mohali:  Mohali police on Friday busted a manufacturing unit that produced fake and banned medicines. Deputy superintendent of police (DSP) Harsimran Singh Bal said three accused have been arrested and…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Telangana DCA Seize Narcotic Drugs, Psychotropic Substances From Private Hospitals

Telangana DCA Seize Narcotic Drugs, Psychotropic Substances From Private Hospitals

Mohali Police Bust Unit Producing Fake Medicine

Mohali Police Bust Unit Producing Fake Medicine

Baddi Firm Asked To Stop Narcotic Drug Production Amid CID Probe

Baddi Firm Asked To Stop Narcotic Drug Production Amid CID Probe

Accused Caught With 400 Pregabalin Capsule Handed Over To DCO For Further Action

Accused Caught With 400 Pregabalin Capsule Handed Over To DCO For Further Action

Ayushman Bharat poised for ‘New Set of Teeth’

Ayushman Bharat poised for ‘New Set of Teeth’

NCS Impounds 16 Containers Of Illegal Drugs From India, UK, Canada

NCS Impounds 16 Containers Of Illegal Drugs From India, UK, Canada