Financial Daily from THE HINDU group of publications
Monday, Nov 01, 2004
Financial Daily from THE HINDU group of publications Monday, Nov 01, 2004 |
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Corporate Results
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Pharmaceuticals Strides Arcolab Q4 net at Rs 7.6 cr Our Bureau
Bangalore , Oct. 31 STRIDES Arcolab has reported a net profit of Rs 7.63 crore from its Indian operations for the fourth quarter ended September 30. Total income rose 7 per cent to Rs 69.42 crore over Rs 64.83 crore posted during the year-ago period. The company is switching to calendar year accounting from January 2005 and will be closing the current fiscal period (from October 2003) in December this year. The company said the significant rise in the operating margin over Rs 15.3 lakh during the same period last year was due to its continued focus on regulated markets. On a consolidated basis, the company made a net profit of Rs 7.44 crore and a total income of Rs 102.99 crore during the quarter. For the 12-month period ended September 2004, the total income was Rs 379.58 crore and the profit before interest, depreciation and taxation was Rs 84.16 crore. The consolidated profit after tax and minority interest/shares in associate amounted to Rs 32.42 crore. On a sequential basis, profit before tax for the quarter registered a 49 per cent growth on a consolidated basis and a 31 per cent rise on a stand-alone basis. The NSE-listed company has presence in generics, the over the counter segment and nutraceuticals.
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