![Zydus Lifesciences Q4 Results: Drug makers posts threefold YoY jump in net profit to Rs 1,182 crore](https://img.etimg.com/thumb/msid-110214646,width-210,height-158,imgsize-6936,resizemode-75/zydus-lifesciences-q4-results-drug-makers-posts-threefold-yoy-jump-in-net-profit-to-rs-1182-crore.jpg)
The Ahmedabad-based drug maker reported net profit of Rs 297 crore in the corresponding period of previous year.
On a quarter-on-quarter (QoQ) basis the net profit rose 49.7%.
Revenue from operations rose 10.4% YoY to Rs 5534 crore in Q4FY24 compared to Rs 5010.6 crore in Q4FY23. On QoQ revenue grew 23%.
The earnings before interest, tax, depreciation and amortisation (EBITDA) increased 30% YoY to Rs 1630.5 crore. The EBITDA margins for Q4FY24 improved 440 basis points YoY to 29.5%.
For the full year FY24, Zydus revenue rose 13.4% YoY to Rs 19,547 crore with a net profit of Rs 3859.5 crore. The full year EBITDA stood at 27.5%.
India sales rose 8% YoY to Rs 2,156 crore in Q4FY24. The formulation business gained 7.1% to Rs 1,380.6 crore, while consumer wellness sales grew 9.6% to Rs 7,75.5 crore. India contributes 40% of overall sales.
US formulation business that constitutes 47% grew 12% YoY to Rs 2523.5 crore. Emerging markets and Europe formulation business rose 12.9% YoY to Rs 496 crore.
The active pharmaceutical ingredient (API) business dropped 24% YoY to 143 crore.
The capital expansion for the quarter was Rs. 212.6 crore, while the research & development (R&D) investments for the quarter stood at Rs. 351.6 crore or 6.4% of revenues.
"We aspire to sustain strong performance in fiscal year 2024-25 with strong revenue growth and strive to improve EBITDA margins further from FY24 levels," Dr. Sharvil Patel, MD of Zydus..
"This strong performance is a testament to our commitment to creating long-term value for our stakeholders, and we are well positioned for future growth and innovation," Patel added.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price