Formulation exports boost Zydus Cadila's revenues in Q3
This article was originally published in Scrip
Zydus Cadila has reported a 31% increase in revenues to Rs7.59 billion ($155.5 million) for the third quarter ended December 2008, led by a surge in formulations exports. Net profits rose by 17% to Rs610 million. The profits are after providing for an exchange rate fluctuation loss of Rs110 million on conversion of foreign currency loans during the quarter, as against a gain of Rs60 million during the same period last year. Formulation exports rose by 61%.