Cadila Health Q3 net profit declines 31% to Rs103 crore on higher tax outgo
Moneylife Digital Team 08 February 2013

Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period

Cadila Healthcare’s consolidated net profit declined more than 31% year-on-year to Rs 103 crore in the third quarter of financial year 2012-13 from Rs149 crore, mainly on higher tax and other expenses.

 

Consolidated total income rose by 16% to Rs1,604 crore from Rs1,383 crore during the same period.

 

Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period.

 

Cost of material consumed increased 60% y-o-y to Rs398.45 crore and other expenses rose by 24% y-o-y to Rs579.25 crore for the quarter.

 

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) declined marginally to Rs255 crore from Rs262 crore y-o-y.

 

Operating profit margin dropped 300 basis points year-on-year to 15.9% in the reporting quarter.

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