Economy · India
Two Indian Pharma Companies Report Mixed Financial Results
Natco Pharma reported a 57% year-on-year plunge in its first-quarter profit, leading to a 6% fall in its shares. The company announced an interim dividend of Rs 1.50. In contrast, Patanjali Foods announced an 86% year-on-year jump in its net profit for the June quarter, reaching ₹335.73 crore. Patanjali Foods also reported a record revenue of ₹11,337.45 crore and declared a 40% interim dividend for FY27.
How outlets across the spectrum covered it
L 0 C 2 R 0
- Centre (2): Mint, The Financial Express