Nicholas Piramal Q3 net profit at Rs.43.3 Crores

Nicholas Piramal India Ltd has announced the following Audited results for the quarter ended December 31, 2006:

The Company has posted a profit after tax & exceptional item of Rs 433.00 million for the quarter ended December 31, 2006 as compared to Rs 237.40 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 3573.00 million for the quarter ended December 31, 2005 to Rs 4080.40 million for the quarter ended December 31, 2006.

The Unaudited Consolidated results are as follows:

The Group has posted a profit after Prior Period items of Rs 555.50 million for the quarter ended December 31, 2006 where as the same was at Rs 96.80 million for the quarter ended December 31, 2005. Total Income (net of excise) is Rs 6497.00 million for the quarter ended December 31, 2006 where as the same was at Rs 4060.20 million for the quarter ended December 31, 2005.

The consolidated results for the current quarter ended December 31, 2006 include the results of NPIL Pharmaceuticals (UK) Ltd, UK and Torcan Chemical Ltd, Canada which were acquired in December 2005 and the Morpeth facility acquired from Pfizer in June 2006. The figures therefore are not strictly comparable.

Source : Equity Bulls

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