REC registers highest 1st quarter profit of Rs 3,442 cr
Aided by growth in profits, the Net Worth has grown to Rs 72,351 crore as on 30th June 2024, registering an increase of 19 per cent YoY.
Abbott India on Friday reported strong sales in the country. Company’s net profit rose 54.22 per cent year-on-year to Rs 180.35 crore in the quarter ended June, according to an exchange filing.
The drugmaker’s revenue rose 6.5 per cent over the year-ago period to Rs 1,064.27 crore. Earlier, the numbers stood at Rs 998.89 crore for the same period a year ago.
Abott’s earnings before tax were at Rs 242.50 crore during the quarter under review against Rs 186.95 in the same quarter in FY 2019-20.
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The company also witnessed a considerable rise in its total expenses which stood at Rs 849.40 crore in the first quarter of the current fiscal year. In the year-ago period, it was reported at Rs 841.54 crore, the filing stated.
On the BSE, shares of Abbott closed 0.51 per cent lower at Rs 101.23 a piece, ahead of the results announcement.
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