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Cadila Healthcare Q2 profit drops 17% to Rs 417 cr, margins fall 310 bps

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NEW DELHI: Cadila Healthcare on Saturday reported a 17.04 per cent year-on-year drop in net profit at Rs 417.50 crore for September quarter. The drug maker had reported Rs 503.30 crore profit in the corresponding quarter last year. Net sales for the quarter fell 9.5 per cent to Rs 2,844.10 crore compared with Rs 3,142.90 crore in the year-ago quarter. Ebitda for the quarter stood at Rs 687 crore, down 19 per cent YoY over Rs 857 crore in the same quarter last year. Margins dropped 310 basis points to 24.2 per cent for September quarter from 27.3 per cent in the year-ago period, ET Now reported.




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