InvestorQ : How do you see the latest Mar-20 quarter results of Aurobindo Pharma?
Rutuja Nigam made post

How do you see the latest Mar-20 quarter results of Aurobindo Pharma?

Answer
user profile image
Arti Chavan answered.
4 months ago


Aurobindo reported 16% growth in revenues to a level of Rs.6158 crore for the Mar-20 quarter. Net profits were up 45% at Rs.849 crore for the same period. Of the two major business segments of Aurobindo, the formulations business grew by 23% in the Mar-20 quarter while the API (active pharma ingredients) business of Aurobindo showed negative de-growth of (-16%). In terms of markets, Aurobindo had shown good growth in its two core markets of the US and Europe. Overall, like other pharma companies, Aurobindo also got a boost from higher demand for medicines and also a more lenient attitude adopted by the US FDA in the light of the COVID-19 emergency.