Shansun's Q1 FY07 net profit up by 45 per cent at Rs 6.17 cr

Mumbai, July 21 (UNI) Shasun Chemicals and Drugs has posted 44.84 per cent rise in net profit at Rs 6.17 crore for the first quarter ended June 30, 2006, as compared to Rs 4.26 crore for the quarter ended June 30, 2005.

Net sales during the quarter grew 28.73 per cent at Rs 99.46 crore compared to Rs 77.26 crore in Q1 FY06. During the quarter the company witnessed significant improvement in revenues from Contract Research and Manufacturing Services (CRAM), especially on new Active Pharmaceutical Ingredients (API's). Gross profit during the quarter grew by 20.65 per cent at Rs 14.90 crore as compared to Rs 12.35 crore in Q1 FY06, the release said.

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