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Nectar Lifescience Ltd Q1FY24; 53% fall in Profits

Nectar Lifesciences Ltd is primarily engaged in the development, manufacture and marketing of various active pharmaceutical ingredients (APIs) and finished dosage forms.

Financial Results:

Nectar Lifescience Ltd reported Revenues for Q1FY24 of ₹394.13 Crores down from ₹403.03 Crore year on year, a fall of 2.21%.

Total Expenses for Q1FY24 of ₹391.54 Crores down from ₹397.28 Crores year on year, a fall of 1.44%.

Consolidated Net Profit of ₹1.82 Crores down 53.33% from ₹3.90 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.08, down 52.94% from ₹0.17 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: API
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