Suven Q1 net up 58% at Rs 33 crore

Total income from operations up 32% to Rs 133 crore

Suven Q1 net up 58% at Rs 33 crore
BS Reporter Hyderabad
Last Updated : Aug 10 2016 | 5:26 PM IST
Hyderabad-based Suven Life Sciences has reported a 58.12 per cent increase in net profit at Rs 32.58 crore for the quarter ended June, 2016 as compared with Rs 20.60 crore in the corresponding quarter previous year.

Total income from operations rose 31.68 percent to Rs 133.23 crore from Rs 101.17 crore in the year ago period.

On a sequential basis the company's top-line declined 20.8 per cent and net profit declined 12.38 per cent compared to Rs 169.37 crore and Rs 37.18 crore in the quarter ended March, 2016 respectively.

Majority of the company's revenues come from the contract research and manufacturing services.

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2016 | 5:18 PM IST

Next Story