Effect of Financial Performance on Profitability in Indian Pharmaceutical Companies
Kankipati Ajay Kumar1, A.V.N.Murty2
1Ajay Kumar Kankipati*, PhD Research Scholar, Department of Management, KLU Business School, Koneru Lakshmaiah Education Foundation, Greenfields, Vaddeswaram, Guntur, (Andhra Pradesh), India.
2Dr. A. V. N. Murty, Professor KLU Business School, Department of Commerce, Koneru Lakshmaiah Education Foundation, Greenfields, Vaddeswaram, Guntur, (Andhra Pradesh), India.
Manuscript received on July 12, 2019. | Revised Manuscript received on August 23, 2019. | Manuscript published on August 30, 2019. | PP: 4910-4916 | Volume-8 Issue-6, August 2019. | Retrieval Number: F9235088619/2019©BEIESP | DOI: 10.35940/ijeat.F9235.088619
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The total Indian pharmaceutical sector is exceedingly divided with in excess of 20,000 enlisted units. It has spread drastically over the most recent two decades. The pharmaceutical and the chemical industries in India is an amazingly separated market with solid value rivalry and government control. The pharmaceutical business in India meets around 705 of the nation’s interest in bulk medications, pharmaceutical formulas, synthetics, tablets, oral and injectables. There are around 250 enormous units and around 8,000 SMUs, which structure the centre of the pharmaceutical business in India, including 4 Pubilc sector units. Looking forward, the worldwide drug store market is assessed at more than to 1.5 billion dollars constantly in 2020. The Indian pharmaceutical industry is growing significantly every year. The primary goal of this research unmistakably demonstrates that pharmaceutical organizations are working great as an industry as well as can add growth to the development of the national economy. In this way, we made an attempt to find the effect of financial performance on profitability.
Keywords: Pharma industry, financial position, profitability, Indian Pharma Companies.