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Last Updated : Nov 06, 2014 04:50 PM IST | Source: Moneycontrol.com

Pfizer posts Q2 loss Rs 11.8 cr on VRS at Thane plant

Total income declined marginally to Rs 296.5 crore in the quarter ended September 2014 compared to Rs 299 crore in same quarter last year.

 
 
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Moneycontrol Bureau


Pharmaceutical firm Pfizer has posted a loss of Rs 11.8 crore in July-September quarter due to payment towards voluntary retirement scheme at its Thane plant. Profit in the year-ago period was Rs 69.6 crore.


"Exceptional items of Rs 76 crore during the quarter included expenses in relation to Thane plant,” said the company in its filing, adding the expenses included amount paid towards voluntary retirement scheme/other related costs.
 
Total income declined marginally to Rs 296.5 crore in the quarter ended September 2014 compared to Rs 299 crore in same quarter last year.

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Other income fell significantly to Rs 9.98 crore from Rs 34.45 crore during the same period. It has a tax refund of Rs 6.05 crore during the quarter as against tax expenses of Rs 37.17 crore in corresponding quarter of last fiscal.



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First Published on Nov 6, 2014 04:50 pm
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