Alembic Ltd Reports Lower Quarterly net profit of Rs.17.04 Crores

Alembic Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.170.4 million for the quarter ended June 30, 2007 as compared to Rs.182.5 million for the quarter ended June 30, 2006. Total Income has increased from Rs.1460.9 million for the quarter ended June 30, 2006 to Rs.1727.3 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.1.23 in Quarter ending June 30, 2007 compared to Rs.6.59 during Quarter ending June 30, 2006.

W.E.F. April 01, 2007 Non-Oncology formulation business of Dabur Pharma Ltd, got integrated with Alembic Ltd. operation. The consideration of Rs 1590.00 million was paid on April 02, 2007.

The stock closed the day at Rs.81, down by Rs.0.20 or 0.25%. The total traded quantity was 144503 compared to 2 week average of 273741. The stock hit an intraday high of Rs.83.35 and low of Rs.77.

Source : Equity Bulls

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