Drug firm Pfizer Q3 net profit surges 40% to Rs 872 mn on lower expenses

The company had posted a net profit of Rs 623 million during the same period of the previous fiscal

Pfizer
Photo courtesy: Reuters
Press Trust of India New Delhi
Last Updated : Jan 25 2018 | 1:01 AM IST
Drug firm Pfizer on Wednesday reported a 39.87 per cent rise in its net profit at Rs 872 million for the quarter ended December 2017, mainly on account of lower expenses.

The company had posted a net profit of Rs 623 million during the same period of the previous fiscal, Pfizer said in a regulatory filing.

Revenue from operations for the quarter under review stood at Rs 4.565 billion as compared to Rs 5.102 billion in the same period of the last year.

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It said net profit after tax (including other comprehensive income) for nine months ended December 31, 2017 was Rs 2.549 billion as against Rs 2.676 billion in the year-ago period.

The company's stock closed 4.30 per cent up at Rs 2,201.55 apiece on BSE on Wednesday.
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First Published: Jan 25 2018 | 1:01 AM IST

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