Unichem Q2 net up 47% at Rs 25.71cr

New Delhi, Oct 22 (UNI) Pharma company Unichem Laboratories Ltd today reported 47.25 per cent increase in net profit for Q2 ending September 30, 2006 at Rs 25.71 crore as against Rs 17.46 crore during the corresponding period of the previous year.

Sales and operating revenue during Q2FY07 went up by 16.40 per cent at Rs 149.17 crore from Rs 128.55 crore during Q2FY06.

The company is in the process of expanding its research activities and augmenting its manufacturing capacities in Baddi, Roha and Pithampure and an additional formulation manufacturing facility is being planned in an Special Economic Zone (SEZ) area to meet the growing requirements for international business, the company said in a statement here.

Unichem Labs' UK subsidiary for the Q2FY07 clocked revenues of Rs 23.09 crore against Rs 21.98 crore in Q2FY06. For the first six months the revenue stood at Rs 42.40 crore.

The company is looking forward to consolidated revenues of around Rs 700 crore and a healthy bottom line.

During April-September 2006, the company's revenue climbed 16.30 per cent at Rs 290.89 crore as compared to Rs 250.69 crore for the corresponding first half of the last fiscal.

The net profit for the six months ended September 2006 stood at Rs 50.86 crore (including an extra-ordinary gain of Rs 1.21 crore) as against Rs 49.74 crore of the corresponding period of the previous year (including an extra-ordinary gain of Rs 13.39 crore).

The Earning Per Share (EPS) for Q2FY07 advanced to Rs 7.14 (Rs 5.12) for Rs 5 paid up share while the EPS for the period between April-September 2006 was Rs 14.13 per share of Rs 5 paid up.

UNI SRS PV BS1633