Nicholas Piramal Q2 net up 22.14 pc

Mumbai, Oct 18 (UNI) Nicholas Piramal India Ltd has posted a net profit of Rs 67.06 crore for the quarter ended September 30, 2006 as compared to Rs 54.90 crore for the quarter ended September 30, 2005, a rise of 22.14 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 366.01 crore for the quarter ended September 30, 2005 to Rs 442.74 crore for the quarter ended September 30, 2006.

As per the Consolidated results, the Group has posted a profit of Rs 53.69 crore for the quarter ended September 30, 2006 where as the same was at Rs 45.60 crore for the quarter ended September 30, 2005.

Total Income is Rs 654.83 crore for the quarter ended September 30, 2006 where as the same was at Rs 383.35 crore for the quarter ended September 30, 2005.

The consolidated results for the current quarter and half year ended September 30, 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.

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