Abbott India Limited’s Board of Directors met on August 12, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board also announced a change in leadership, with Mr. Munir Shaikh stepping down as Chairman and Mr. Sudarshan Jain appointed as the new Chairman effective August 13, 2026. The company reported a profit of ₹428.52 crore for the quarter.
Abbott India Reports Q1 FY27 Financials
Abbott India Limited announced its unaudited financial results for the quarter ended June 30, 2026, following a Board of Directors meeting held on August 12, 2026. The company reported a Profit Before Tax (PBT) of ₹572.21 crore and a Profit for the Period of ₹428.52 crore. These results were approved along with the Limited Review Report from statutory auditors Walker Chandiok & Co. LLP.
Key Financial Highlights for the Quarter Ended June 30, 2026:
- Total Income: ₹1,889.05 crore
- Total Expenses: ₹1,316.84 crore
- Profit Before Tax (PBT): ₹572.21 crore
- Tax Expenses: ₹143.69 crore
- Profit for the Period: ₹428.52 crore
- Total Comprehensive Income: ₹428.56 crore
- Earnings Per Share (Basic/Diluted): ₹201.66
Leadership Change: New Chairman Appointed
In a significant governance update, the Board of Directors also approved the appointment of a new Chairman. Mr. Munir Shaikh, a Non-executive Director, stepped down from his position as Chairman of the Board effective from the close of business hours on August 12, 2026. Subsequently, Mr. Sudarshan Jain, an Independent Director, has been appointed as the new Chairman of the Board of Directors, with his tenure commencing on August 13, 2026. This change was made based on the recommendation of the Nomination and Remuneration Committee and in accordance with the company’s Articles of Association.
The Board Meeting commenced at 3:30 pm and concluded at 6:25 pm on August 12, 2026.
Source: BSE
