{"id":52923,"date":"2024-05-17T14:33:48","date_gmt":"2024-05-17T14:33:48","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/17\/zydus-lifesciences-fy-24-net-profit-jumps-97-times-of-india\/"},"modified":"2024-05-17T14:33:48","modified_gmt":"2024-05-17T14:33:48","slug":"zydus-lifesciences-fy-24-net-profit-jumps-97-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/17\/zydus-lifesciences-fy-24-net-profit-jumps-97-times-of-india\/","title":{"rendered":"Zydus Lifesciences FY 24 net profit jumps 97% &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-110211194,imgsize-352344.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Zydus Lifesciences FY 24 net profit jumps 97% &#8211; Times of India\" title=\"Zydus Lifesciences FY 24 net profit jumps 97% &#8211; Times of India\" \/><\/div>\n<div>AHMEDABAD: <!-- -->Homegrown pharma major<!-- -->, <!-- -->Zydus Lifesciences<!-- --> Limited on Friday posted a 97% jump in its consolidated net profit which stood at Rs 3,859.5 crore, as compared to Rs 1,960.3 crore in the corresponding fiscal year. The company attributes the <!-- -->growth in profit<!-- --> to the strong demand in its key <!-- -->US and domestic markets<!-- -->.<br \/>Following the results announcements, the pharma major\u2019s shares rallied 4.28% to Rs 1,051.9 per share on BSE as the markets closed on Friday.<br \/>The company reported consolidated net profit of Rs 1,182 crore for the March quarter, four times higher than Rs 296 crore in the year-ago period.<br \/>\u201cOur relentless focus on patient centricity, operational efficiency, strategic investments, and execution of our diversified product portfolio continues to pay off, resulting in a significant improvement in profitability as well,\u201d said Dr Sharvil Patel, managing director, Zydus Lifesciences Limited.<br \/>India and the US make up about 86% of Zydus Lifesciences\u2019 total revenue. Its India branded business grew faster than the market with 7.4% year-on-year growth, and the US formulations business grew 16.7% in terms of revenues. <br \/>The company launched 29 new products and received approval for 46 new products (including five tentative approvals) in the US market in FY 2024. The company also filed for 20 Abbreviated New Drug Applications (ANDAs) during the fiscal year. The board declared a final dividend of Rs 3 per equity share. <\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/zydus-lifesciences-fy-24-net-profit-jumps-97\/articleshow\/110211181.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AHMEDABAD: Homegrown pharma major, Zydus Lifesciences Limited on Friday posted a 97% jump in its consolidated net profit which stood at Rs 3,859.5 crore, as compared to Rs 1,960.3 crore in the corresponding fiscal year. The company attributes the growth in profit to the strong demand in its key US and domestic markets.Following the results [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":52924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110211194,imgsize-352344.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,52585,52584,273,2899,52586,2111,52583,498,272,52582,44255,52581],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/52923"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=52923"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/52923\/revisions"}],"predecessor-version":[{"id":52925,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/52923\/revisions\/52925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/52924"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=52923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=52923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=52923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}