Alembic Pharma Q2 up 25% at Rs 77.27 cr

Company had posted net profit of Rs 61.64 crore for the July- September period of 2013-14

Vadodara-based Alembic Pharmaceuticals reported a 25 per cent rise in net profit after tax to Rs  77.3 crore in the second quarter of FY15 against Rs  61.6 crore in the corresponding quarter last fiscal. Net sales grew by 13 per cent on a year-on-year basis to Rs  548.8 crore.

A company statement here said that profit before tax was up by 19 per cent to Rs  95.7 crore against Rs  80.5 crore in the corresponding quarter last year.

The company also reported 14 per cent increase in revenue for first half of operations to Rs  1044.9 crore against Rs  916.5 crore corresponding first half last year. It posted 28 per cent growth in profit before tax at Rs  180.6 crore for first half against Rs  141 crore for corresponding first half last year.

Alembic   reported 31 per cent growth in net profit for first half at Rs  141.9 crore.

The India branded formulations business posted sales of Rs  275.5 crores against Rs  234.1 crores with a 18 per cent growth over the corresponding quarter of the previous year.

Specialty and Acute segments grew by 18 per cent and 17 per cent respectively in current quarter. International generic formulation posted growth of 9 per cent and posted sales of Rs  123.4 crore against Rs  113.7 crore over the corresponding quarter last year.