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Zydus Wellness profit misses consensus by 38.7% in fiscal Q1


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Zydus Wellness profit misses consensus by 38.7% in fiscal Q1

Zydus Wellness Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 3.00 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.90 rupees per share.

EPS decreased year over year from 3.07 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 117.5 million rupees, a decrease from 119.9 million rupees in the prior-year period.

The normalized profit margin rose to 11.6% from 11.2% in the year-earlier period.

Total revenue declined 6.1% year over year to 1.01 billion rupees from 1.08 billion rupees, and total operating expenses fell from the prior-year period to 874.8 million rupees from 914.9 million rupees.

Reported net income decreased 25.0% on an annual basis to 170.5 million rupees, or 4.36 rupees per share, from 227.2 million rupees, or 5.82 rupees per share.

As of July 14, US$1 was equivalent to 60.07 Indian rupees.