Natco net declines 43% on lower revenue
The Hindu
Natco Pharma reported a 43% decline in consolidated net profit for Q4 to ₹53 crore on the back of lower revenue in the base business. Total income dropped 25% to ₹359.7 crore. For FY21, the net profi
Natco Pharma reported a 43% decline in consolidated net profit for Q4 to ₹53 crore on the back of lower revenue in the base business. Total income dropped 25% to ₹359.7 crore. For FY21, the net profit slid 3.4% to ₹442.4 crore, while total revenue rose 6.6% to ₹2,155.7 crore (₹2,022.4 crore). Natco Pharma said it was able to sustain revenue during the year despite significant negative impact of the pandemic on the base business. The company said strong growth is expected in the current fiscal due to multiple high value product launches in the U.S, rebound in domestic India business with new products and contribution from Crop Health division.The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.