Ajanta Pharma net profit up 49 percent
Wednesday, 30 January 2008, 08:00 Hrs
Mumbai: Ajanta Pharma has reported a 49 percent increase in net profit for the quarter ended Dec 31, 2007 compared to the same period last year. Net profit for the Oct-Dec quarter amounted to 39.4 million ($1.01 million) compared to 26.5 million ($67,948) during the corresponding period last year. For the nine-month period ending Dec 31, 2007, the gross sales were to tune of around 2.03 billion ($52.05 million) and net profit was 90.4 million ($2.31 million), up by 24 and 49 percent, respectively, over the corresponding period the previous year. During the quarter, Ajanta Pharma won "Quality Excellence Award 2007 - Silver" for formulation units with annual turnover exceeding 1 billion by the Indian Drug Manufacturers' Association for its Aurangabad facility in Maharashtra.