Abbott India rallied 6.41% to Rs 17588.30 after the company reported a 38.66% jump in net profit to Rs 211.41 crore in Q4 FY22 from Rs 152.47 crore in Q4 FY21.
Revenue from operations was at Rs 1,255.02 crore for the quarter ended 31 March 2022 as against Rs 1,095.54 crore during the same period in the previous year, registering a growth of 14.56%.
The drug maker's profit before tax surged 44.49% to Rs 292.30 crore in Q4 FY22 from Rs 201.88 crore in Q4 FY21.
On full year basis, the company reported a 15.64% increase in net profit to Rs 798.70 crore on a 14.14% declined in net sales to Rs 4,919.27 crore in FY22 over FY21.
Meanwhile, the board of directors of the company has recommended payment of final dividend of Rs 145 and a special dividend of Rs 130 per equity share, for the financial year ended 31 March 2022.
Abbott India has a portfolio of science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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