Key Points
A pharmacist checks weight of Paracetamol, a common pain reliever also sold as acetaminophen, tablets inside a lab of a pharmaceutical company on the outskirts of Ahmedabad, India, March 4, 2020..
HYDERABAD, Aug 9 (Reuters) - Granules India Ltd (GRAN.NS), the maker of paracetamol and ibuprofen pain relievers, reported a 62.5% fall in first-quarter profit on Wednesday, as a cyber security incident significantly disrupted operations...
The generic drug maker's consolidated net profit tumbled to 478.9 million rupees ($5.8 million) in the April-June quarter, from 1.27 billion rupees a year earlier...
Granules, which holds a 30% share of the global market for paracetamol, manufactures the drug's API and also finished dosage, ready for consumption, in European markets...
Revenue from the finished dosage segment, its biggest, fell 2.1% to 5.37 billion rupees, while the API segment, its second-largest, rose 28.1% due to strong paracetamol volumes, the company said...
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