RPG Life Sciences Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 08:02 am
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RPG Life Sciences Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,537 million compared to INR 1,306 million a year ago. Revenue was INR 1,556.2 million compared to INR 1,311.1 million a year ago. Net income was INR 264.6 million compared to INR 191.1 million a year ago. Basic earnings per share from continuing operations was INR 16 compared to INR 11.56 a year ago. Diluted earnings per share from continuing operations was INR 16 compared to INR 11.56 a year ago.
For the nine months, sales was INR 4,550.6 million compared to INR 3,943.2 million a year ago. Revenue was INR 4,606.2 million compared to INR 3,972.8 million a year ago. Net income was INR 744.2 million compared to INR 572.9 million a year ago. Basic earnings per share from continuing operations was INR 45 compared to INR 34.64 a year ago. Diluted earnings per share from continuing operations was INR 45 compared to INR 34.64 a year ago.
RPG Life Sciences Limited is an India-based pharmaceutical company. The Company operates in the domestic and international markets in the formulations, generics, and synthetic active pharmaceutical ingredients (APIs) space. Its business portfolio includes domestic formulations, international formulations and APIs. Its domestic formulation business manufactures and markets branded finished dosage formulations in India. The domestic formulations business has presence in over 10 therapeutic areas, including nephrology, oncology, rheumatology, cardiology, respiratory, nutritional, gastroenterology, and diabetology, among others. The international formulations business is involved in developing, manufacturing and marketing oral solid formulations in the generic and branded generic space across regulated and emerging markets. Its products include Azoran, Mofetyl, Arpimune ME, Azathioprine, Sodium Valproate PR, Nicorandil, Quinfamide, Nicorandil, Haloperidol, Risperidone, and others.