NATCO records increased turnover,profitability

Nov 09^th 2011

The Hyderabad based NATCO Pharma Limited has recorded increased turnover and profitability for the quarter and half-year ended on 30^th September, 2011.

The stand-alone revenues, for the quarter ended on 30^th September, 2011  grew (from Rs. 9455 lakhs) to Rs. 11449 lakhs, on a year-on-year basis, recording an increase of 21%.  The net profit after tax, for the same period, grew (from Rs. 1472 lakhs) to Rs. 1603 lakhs, recording an increase of 9%.

For the half year ended on 30^th September, 2011, the revenues recorded an increase of 18% from Rs. 18497 lakhs as at 30^th September, 2010 to Rs. 21740 lakhs as at 30^th September, 2011. The net profit, after tax, for the same period grew (from Rs. 2516 lakhs) to Rs. 2980 lakhs, recording an increase of 18%.

The growth was driven by revenues from API division, (from Rs. 50 Crores to Rs. 77 Crores) on a year-on-year basis for the half-year ended on 30^th September, 2010 and 2011.

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