Pfizer has announced the results for the first quarter ended June 30, 2014. The revenue for the quarter was Rs 240 crores as compared to Rs 237 crore in the same period last year.
The financial results are not strictly comparable with the same period last year as last year period includes the transition support for sales of certain animal health products. Excluding these transactions the revenues for the quarter would reflect a growth of 10 per cent.
Profit from operations before other income, finance cost and tax reflects a growth of 40 per cent. The EBDITA margins have improved to 26 per cent as compared to 19 per cent in the same period last year. Profit before tax for the quarter is lower by Rs 3 crores, from Rs 73 crores in the same period last year to Rs 70 crores during the quarter, primarily due to lower interest income.
EP News Bureau- Mumbai