Natco Pharma PAT for Q ending March 31 up by nearly 70 pc

: Natco Pharma Limited today said its consolidated Profit After Tax (PAT) for the quarter ending March 31, 2018 was up by nearly 70 per cent to Rs 300 crore as against Rs 176.4 crore during the same quarter in FY'17.

A press release from the city-based drug-maker said the company recorded a net revenue of Rs 788 crore, on a consolidated basis during the quarter as against Rs 577.2 crore in Q4, 2017, an increase of 36.50 per cent.

For the full FY '18,total revenuewas Rs 2,242.2 crore against Rs2,079 crorein FY '17 while net profit was Rs 695.2 crore as againstRs485crore, a growth of 43.37per cent.

"The growth in revenue and profit during the year was driven primarily by formulation business in the USA that included niche generic product launch of glatiramer acetate, liposomal doxorubicin and lanthanum carbonate,"the press release said.

Additionally, generic oseltamivir sales in the USA was a strong contributor for the company in spite of the competition while the domestic oncology formulation business continued to be strong during the year,it added.