Aurobindo Pharma’s shares went down by 7 per cent to hit an over last two years below Rs 457.20 on the Bombay Stock Exchange (BSE) after the company reported in the second quarter of FY23. On a consolidated basis, the net profit in the second quarter of FY23 came 41 per cent lower on a YoY basis at Rs 409 crore.

• Tata Power Inks MoU with Asian Development Bank for $4.25 Billion 
• Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore 
• Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
• Stocks Under F&O Ban: Adani Enterprises, Aarti Industries, Indraprastha Gas, and Others 
• RBI Defends Currency Moves to Protect Economy

Revenue from operations fell by 3.4 per cent year on year to Rs 5,739 crore in the second quarter of FY23 compared with Rs 5,942 crore in 2022. EBITDA margin decreased from 20 per cent to 14.6 per cent.

The company said the second quarter performance was subdued mainly due to the macro-environment factors and higher competitive intensity for some products in the US.