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Corporate Results - Chemicals


Hikal net profit up 26 per cent

Our Bureau

MUMBAI: Hikal Ltd has posted a 26 per cent increase in net profit at Rs 7.63 crore for the quarter ended September 30, as against Rs 6.04 crore in the year-ago period.The company's turnover for the quarter was up 29 per cent at Rs 47.91 crore (37.06 crore).Recently, Hikal had acquired 50.1 per cent of the shares in Marsing & Co. A/S, Denmark, through its wholly owned subsidiary, Hikal international B.V. Netherlands. Last month, the company received regulatory approvals from the US for its pharma facility at Bangalore.

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