Nicholas Piramal announces profit after tax of Rs.51 Crores, total income at Rs.401.89 Crores

Nicholas Piramal India Ltd has announced the following Audited results for the quarter ended June 30, 2006:

The Company has posted a net profit after tax & exceptional item of Rs 510.00 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 541.30 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 3829.80 million in Q1 FY 05-06 to Rs 4018.90 million for Q1 FY 06-07.

The Unaudited Consolidated results as follows:

The group has posted a profit after Prior Period Items of Rs 538.60 million for the quarter ended June 30, 2006 (Q1 FY 06-07) where as the same was at Rs 502.00 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) is Rs 5225.80 million for Q1 FY 06-07 where as the same was at Rs 4000.90 million in Q1 FY 05-06.

The consolidated results for the current quarter ended June 30, 2006 include the results of NPIL Pharmaceuticals (UK) Ltd, UK and Torcan Chemical Ltd, Canada which were acquired in December 2005. The figures therefore are not strictly comparable.

Figures for the Consolidated quarter ended June 30, 2005 are Audited.

Source : Equity Bulls

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