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This is an archive article published on January 22, 2010

Piramal posts net profit growth of 127 pc

Riding on lower R&D expenditure,lower interest rates and forex gains,Piramal Healthcare has posted a growth of 127 per cent...

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Riding on lower R&D expenditure,lower interest rates and forex gains,Piramal Healthcare has posted a growth of 127 per cent in its net profit in Q3 of FY10 at Rs 136.21 crore as against Rs 59.87 crore last year same period. Total revenue has seen a 9 per cent growth in the reporting quarter at Rs 907.7 crore as compared to Rs 832.59 crore in the year-ago period.

We are growing above the industry level. In the last quarter we grew by 21 per cent while the industry growth was at 15 per cent, chairman Ajay Piramal said.

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