Mankind Pharma Profit Jumps 39 Percent

Mankind Pharma posted a 39 percent rise in quarterly profit to 7.11 billion rupees on Monday. Strong demand for chronic therapies like diabetes and cardiac treatments drove the domestic revenue growth.

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Mankind Pharma logo is seen in this illustration taken, May 9, 2023. REUTERS/Dado Ruvic/Illustration

Mankind Pharma posted a 39% jump in second-quarter profit to 7.11 billion rupees ($74.7 million), driven by robust chronic drug demand in India on Monday. This performance outpaces domestic rivals facing rising research costs. The results highlight strong physician adoption of domestic formulations across high-margin therapeutic segments.

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