Ranbaxy Q4 Net profit down at Rs. 777.8 cr.
April 25, 2009
Ranbaxy Limited came out with its Fourth-quarter FY09 results which were far below the
Market expectations; its Total income fell by 16% year on year to Rs. 802.2cr. whereas its net
profit fell to Rs.- 777.8cr.
× Ranbaxy posted a consolidated loss Rs. 761cr. for Stock Statistics (as on 23 Apr 2009)
Q1CY09. This was the third straight quarterly loss for
the company which is now owned by Daiichi Sankyo.
× US has banned 30 drugs manufactured at two of the Market Cap (cr.)
Ranbaxy’s Indian Plant. US had also halted the
× The consolidated sales fell by 4% at Rs. 1558cr. with EPS (TTM)
sales in developed marked contracting by 6%.
× Forex losses stood at Rs. 1130.6cr. Rs 84.5cr in forex
contract that expired during the quarter and Rs Book Value per share
127.3cr in translational losses on overseas loans. In Face Value
addition, it incurred Rs. 918.8cr mark to market losses on hedges or options outstanding at
the end of quarter. Excluding forex losses, the company’s net loss stood at Rs. 26cr. during the quarter compared with Rs. 85cr. last year. The company expects forex loss to continue as
sales have dropped in all key markets, in dollar values the sales in US are down by 30% and
in rupee terms the sales are down by 14%.
× The drug maker entered into agreement with Daiichi Sankyo to sell hypertension drug
Olmesartan in India. This will be the Daiichi Sankyo first drug to be launched by Ranbaxy in
× Ranbaxy will soon start third phase studies on its novel anti malaria drug in India and in
(Rs.cr) (Rs.cr) (Rs.cr) %
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