Pfizer Q1 Results: Profit falls 83% to Rs 33 crore

Drug firm Pfizer on Friday reported 83 per cent decline in consolidated net profit at Rs 33 crore for June quarter 2022-23. The company had logged a net profit of Rs 200 crore in April-June period a year ago.

Revenue from operations declined to Rs 593 crore in the quarter from Rs 749 crore in the year-ago period.

The drug firm said exceptional items for June quarter comprised Rs 130 crore on account of a voluntary retirement scheme and Rs 6 crore for restructuring to drive business transformation.


Shares of the company settled at Rs 4,230 apiece, down 0.72 per cent, on the BSE.