Pfizer Q1 Results: Profit falls 83% to Rs 33 crore

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PTILast Updated: Aug 05, 2022, 05:33:00 PM IST

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Revenue from operations declined to Rs 593 crore in the quarter from Rs 749 crore in the year-ago period.The drug firm said exceptional items for June quarter comprised Rs 130 crore on account of a voluntary retirement scheme and Rs 6 crore for restructuring to drive business transformation.

Pfizer Q1 Results: Profit falls 83% to Rs 33 crore

Drug firm Pfizer on Friday reported 83 per cent decline in consolidated net profit at Rs 33 crore for June quarter 2022-23. The company had logged a net profit of Rs 200 crore in April-June period a year ago.

Revenue from operations declined to Rs 593 crore in the quarter from Rs 749 crore in the year-ago period.

The drug firm said exceptional items for June quarter comprised Rs 130 crore on account of a voluntary retirement scheme and Rs 6 crore for restructuring to drive business transformation.

Shares of the company settled at Rs 4,230 apiece, down 0.72 per cent, on the BSE.

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Pfizer Q1 Results: Profit falls 83% to Rs 33 crore

Revenue from operations declined to Rs 593 crore in the quarter from Rs 749 crore in the year-ago period.The drug firm said exceptional items for June quarter comprised Rs 130 crore on account of a voluntary retirement scheme and Rs 6 crore for restructuring to drive business transformation.

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