Pfizer India Q2 Results: Net Profit at ₹158.4 Crore, Shares Close Lower

resr 5paisa Research Team

Last Updated: 29th October 2024 - 12:55 pm

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On Monday, October 28, Pfizer Ltd reported a 6.3% year-on-year increase in net profit, reaching ₹158.4 crore for the second quarter ending September 30, 2024. In the same quarter of the previous fiscal year, the company had posted a net profit of ₹149 crore, according to its regulatory filing.  

Pfizer Q2 Results Highlights

  • Revenue: Grew 2.3% to ₹588.6 crore, against ₹575.2 crore in the year-ago period.
  • Net Profit: 6.3% year-on-year increase in net profit reaching ₹158.4 crore.
  • EBITDA: up 3.7% to ₹189.3 crore.

 

Stock Market Reaction

Shares of Pfizer closed 0.66% lower at ₹5,268.55 apiece on the National Stock Exchange, compared to a 0.65% advance in the benchmark Nifty 50. The stock has risen 33.58% in the last 12 months and 23.42% on a year-to-date basis.

About Pfizer

Pfizer Inc. engages in the discovery, development, manufacturing, and commercialization of biopharmaceuticals. The company provides treatments for a range of health conditions, including cardiovascular and metabolic disorders, pain management, women’s health issues, cancer, inflammatory and immune diseases, and rare conditions. Its major manufacturing facilities are located in countries such as India, China, Japan, Ireland, Italy, Belgium, Germany, Singapore, and the United States. 

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