Profit from operation for the quarter is Rs 48 crores
Pfizer announced its results for the second quarter and half year ended September 30, 2014. The revenue for the second quarter was Rs 269 crores (Q2 2013-14 Rs 267 crores) and for the half year was Rs 509 crores (Half year 2013-14 Rs 505 crores) reflecting a growth of one per cent each respectively.
The revenues for the quarter was Rs 269 crores (Q2 2013-14 Rs 252 crores) and for the half year was Rs 509 crores (Half year 2013-14 Rs 470 crores) reflecting a growth of seven per cent and eight per cent respectively.
Profit from operation (before other income and tax) for the quarter is Rs 48 crores (Q2 2013-14 Rs 72 crore) and for the half year was Rs 108 crores (Half year 2013-14 Rs 115 crores). Profits are lower due to higher expenses incurred in the current quarter on account of advertisement expenses and other one-time expenses aggregating to Rs 21 crores.
Other income for the quarter is lower by Rs 24 crores primarily due to lower interest income post payment of interim dividend of Rs 360 per share last year. The company had announced a voluntary retirement scheme during the quarter at its plant in Thane. Expenses in relation to VRS and other related costs (Rs 76 crores) have been reflected as Exceptional items.
Consequently, profit after tax for the quarter reflects a loss Rs 12 crores (Q2 2013-14 profit Rs 46 crores) and for the half year was Rs 34 crores (Half year 2013-14 Rs 117 crores).
EP News Bureau – Mumbai