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10 Cos Benefitting From Rupee Downfall
5) Plethico Pharmaceuticals:
Plethico Pharmaceuticals is among the leading global healthcare companies, based in India. Plethico has registered a steady decline in its profits over the last few months. It has reported a net loss of 
22.91 crores in the quarter ended September, 2011. It, however, had registered a net gain of 7.62 crores in the quarter ended June, 2011, which is better than last years. The fluctuations in Plethico might be due to managerial changes as President, Rajiv Bedi, and Chief Operating Officer, Hemant Modi, resigned this year. Unlike Lupin, Plethico is not able to derive full benefit of the sliding rupee.
6) Piramal Glass:
Piramal Glass is a leading pharmaceutical and perfume manufacturing company, catering mostly to the U.S. and Sri Lanka. India still provides for more than half of its sales. Piramal Glass registered sales of 197.46 crores and a net profit of 22.23 crores in the quarter ended September, 2011. Managing Director of Piramal Glass, Vijay Shah, said that the U.S. acquisition helped them gain both, better technology and a bigger customer base in the premium segment (Estee Lauder, L’Oreal, Revlon and Elizabeth Arden).
