Zydus Lifesciences Q4: Consolidated Net Profit Falls 25%, Recommends Dividend

Zydus Lifesciences Ltd on Thursday declared a 25.36% fall in consolidated net profit to Rs 296.6 crore in the fourth quarter ended March 31, 2023 due to impairment of goodwill of a wholly-owned subsidiary. The company declared a consolidated net profit of Rs 397.4 crore in the same quarter of the previous fiscal. The board of directors of the company declared a final dividend of Rs 6 per equity share of Re 1 each, subject to approval of shareholders at the Annual General Meeting scheduled to be held on August 11, 2023. Check details below:

Zydus Lifesciences Q4: Consolidated total revenue from operations stood at Rs 5,010.6 crore, as against Rs 3,805.6 crore in the corresponding period a year ago, Zydus Lifesciences said in a regulatory filing. Total expenses were higher at Rs 3,961.3 crore, as compared to Rs 3,311.8 crore in the year-ago quarter.

During the quarter, Zydus Lifesciences said it incurred an exceptional item of Rs 594.1 crore as impairment of goodwill by Sentynl Therapeutics Inc, a wholly-owned subsidiary of the group.

Zydus Lifesciences Declares Dividend: According to the BSE filing of the company, “final dividend of Rs. 6.00/- (@ 600%) per equity share of Re. 1/- each, subject to approval of the shareholders at the AGM and the Record Date as Friday, July 28, 2023, in compliance with regulation 42(1) of the Listing Regulations, to determine the list of shareholders entitled to receive the final dividend for the Financial Year ended on March 31, 2023, payment of which shall be subject to the approval by the members at the AGM.”

Zydus Lifesciences Stock Performance: Last trading price of Zydus Lifesciences is Rs 507.25 per share with intraday fall of 2.28% on BSE. The stock’s 52-week high price is Rs 530.70 apiece and 52-week low price is Rs 329.60 apiece, respectively. The company’s market capitalisation is Rs 51,344.05 crore.

The stock rallied 26% in last 6-months, soared 46%, declined 16% in last 2-years, and jumped 56% in last 3-years.