Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Consolidated revenues for Fiscal 2024 were $56.6 million, an increase of $22.4 million or approximately 65% as compared to the comparable period of the prior fiscal year. Operating profits were $10.8 million, an increase of $7.1 million or approximately 192% from the comparable period of the prior year, and net income attributable to common shareholders was $20.1 million. The increase in operating profits was primarily attributed to the commercial launch of the Elite label product line during Fiscal 2024.