Nirma Q1 net profit at Rs.41.1 Crores

Nirma Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 411.00 million for the quarter ended June 30, 2007 where as the same was at Rs 747.30 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 6113.80 million for the quarter ended June 30, 2007 where as the same was at Rs 5339.30 million for the quarter ended June 30, 2006.

Figures of the previous period have been regrouped wherever necessary. Figures of the current quarter are inclusive of activities of demerged unit of Core Healthcare Ltd. Hence the figures of current quarter are not comparable with those of previous quarter.

The company has reported an Earnings Per Share (EPS) of Rs.2.58 for the quarter ended June 30, 2007 compared to Rs.9.41 during quarter ended June 30, 2006.

The stock closed the day at Rs.171.65, up by Rs.1.05 or 0.62%. The total traded quantity was 3948 compared to 2 week average of 12857. The stock hit an intraday high of Rs.174.25 and low of Rs.170.

Source : Equity Bulls

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