FDC Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 14, 2022 at 07:57 am EST
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FDC Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 4,449.88 million compared to INR 3,976.18 million a year ago. Revenue was INR 4,577.17 million compared to INR 4,279.97 million a year ago. Net income was INR 518.39 million compared to INR 723.97 million a year ago. Basic earnings per share from continuing operations was INR 3.1 compared to INR 4.28 a year ago.
For the six months, sales was INR 9,396.5 million compared to INR 8,450.88 million a year ago. Revenue was INR 9,715.02 million compared to INR 8,986.69 million a year ago. Net income was INR 1,225.78 million compared to INR 1,702.67 million a year ago. Basic earnings per share from continuing operations was INR 7.35 compared to INR 10.08 a year ago.
FDC Limited is an India-based company, which is principally engaged in the business of pharmaceuticals. The Company manufactures and distributes its range of generics, formulations, and active pharmaceuticals at its manufacturing plants. It also manufactures oral rehydration salts (ORS) and specialized formulations. It has a range of functional foods and beverages. Its active pharmaceutical ingredients (APIs) include Albuterol Sulfate, Bromhexine Hydrochloride, Cinnarizine, Flunarizine Dihydrochloride, Flurbiprofen, Flurbiprofen Sodium, Miconazole Nitrate and Timolol Maleate, among others. It has its presence in various therapeutic segments, such as anti-infectives, gastrointestinal, ophthalmological, vitamins/ minerals/ dietary supplements, cardiac, anti-diabetes, respiratory, gynecology, dermatology, analgesics, and others. Its various brands include Zifi, Electral, Enerzal, Vitcofol, Pyrimon, Zocon, Zoxan, Zathrin, Zipod, Zefu, Cotaryl and Mycoderm.