Natco Pharma trades lower for 10th straight day; tanks 40% on weak Q3

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Natco Pharma trades lower for 10th straight day; tanks 40% on weak Q3 - Business Standard

Quick Summary:

The pharma stock hit its lowest level since December 2023 and tanked 52 per cent from its record high level of Rs 1,638.35, touched on September 12, 2024.

The company's export formulations business focuses on high entry barriers and complex products and comprises customers in the US, Canada, Brazil, Asia-Pacific region and other countries.

In Q3FY25, the company’s consolidated profit after tax (PAT) declined 37.8 per cent year-on-year (YoY), at Rs 132.40 crore.