Pfizer Q2 results 2023: Net profit down 52% at ₹149 crore

In this article, we will talk about the Pfizer Q2 results. Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation. It’s headquartered at The Spiral in Manhattan, New York City. This company was founded in 1849 in New York by two German entrepreneurs, Charles Pfizer. Pharmaceutical major Pfizer on 28 October 2023, Saturday net earnings of 149 crores in the second quarter of the fiscal year 2023-2024 (Q2FY24), which was 52.1% more inferior as against 311.1 crores reported in the year-ago period. Now many thousands of people must be super eager to know complete information. Here we have more information about the news and we will share it with you in this article, so let’s continue the complete article.

Pfizer

Pfizer Q2 results 2023

Successively, this year in September the net profit quarter was up by 60% as it stood at 93.5 crores in the April-June period. The firm’s income from functions during Q2FY24 came in at 575.2 crores down 9.8% from 637.5 crores reported in the related period of the previous fiscal. The revenue increased by 7% on quarter as it stood at 531 crores in Q1FY24. Currently, this news is making the rounds on the internet as many people are super curious to know about the whole information. Scroll down to the next page for more information about the news.

Earnings before interest, taxes, devaluation, and amortization (EBITDA) stood at 182.5 crores in Q2FY24, down 21.3 percent reached 231.8 crores reported in the year-ago period. Margins fell to 31.7 percent corresponding to 36.4 percent in the September 2022 quarter. Pfizer’s profits per share also slipped, as it almost halved to 32.56 from 67.99 a year ago. But it developed sequentially because the earnings per share in the June 2023 quarter stood at 20.44. You are on the right page for more information about the news, so please read the complete article.

Also Read:  Paytm Share Price Falls 4% On Block Deal Buzz

Notably, Pfizer had agreed on a last dividend of 35 per equity share of 10 each, along with a great divided of 5 per share in the annual general meeting held on 18 August. “They stated compensation was paid on 15 September 2023”, the company noted in its regulatory filing. In the previous trading session on 27 October 2023, Pfizer shares dropped at 3,944 apiece on the BSE, up by 0.29% as against the last day’s close. Fans are super keen to know about the whole information about the news. Here we have shared all the information that we had if we get any information then we will update you as soon as possible. Stay tuned to us for more updates.

Mark
Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.