Mankind Pharma Q2 profit rises 38% to Rs 716 crore

Mankind Pharma has announced a profit increase of 37.7% to ₹716 crore during the September quarter. Revenue from operations rose to ₹4,337.9 crore compared to ₹3,697.2 crore in the same quarter last year. This growth is attributed to strong perfor...

Reuters
New Delhi: Mankind Pharma on Monday posted a 37.7% rise in profit to ₹716 crore in the September quarter, driven by strong business growth in domestic and international markets.

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The company had posted a profit after tax (PAT) of ₹520.2 crore in the year-ago period, according to a regulatory filing. Revenue from operations increased to ₹4,337.9 crore during the quarter under review as against ₹3,697.2 crore in the year-ago period, the company said in a regulatory filing.


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"Our disciplined execution and strengthening business fundamentals resulted in strong performance. Our recent acquisition of Armed Cell Therapeutics marks strategic entry into Next-Generation CAR-T therapies, strengthening R&D capabilities for future growth," vice chairman & managing director Rajeev Juneja said.
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