Suven Pharma stories Q2 internet revenue decline of 20.35% to Rs 74.07 crore

Drug agency Suven Prescribed drugs on Friday reported a 20.35 per cent decline in its consolidated internet revenue at Rs 74.07 crore for the quarter ended September 30, 2020.

The corporate had posted a internet revenue of Rs 93 crore for the corresponding interval of the earlier fiscal, Suven Prescribed drugs mentioned in a submitting to BSE.

Consolidated complete earnings of the corporate stood at Rs 237.74 crore for the quarter into account. It was Rs 278.37 crore for a similar interval 12 months in the past, it added.

“The board has allotted the bonus shares at 1:1 ratio in its assembly held on September 29, 2020,” the submitting mentioned.

The board has authorized capital expenditure (capex) plan of Rs 600 crore conserving in view of the proposed enhance in capability in Pashamylaram facility, alternative and modernization of manufacturing blocks in Suryapet facility, relocation of R&D services from Jeedimetla and acquisition of recent applied sciences, it added.

Shares of Suven Prescribed drugs have been buying and selling at Rs 308.70 per scrip on BSE, down eight.86 per cent from its earlier shut.

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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