Strides Arcolab net up 92%

BS 200 SCORECARD

Strides Arcolab reported a hefty 92.38 per cent jump in net profits to Rs 14.66 crore for the quarter ended September 30, 2005, against Rs 7.62 crore reported in the corresponding quarter of the previous year. Net sales grew by 28.26 per cent to Rs 88.72 crore, against Rs 69.17 crore last year.

EPS has gone up to Rs 3.97 from Rs 2.26. According to Arun Kumar, managing director, "Growth in income both from supplies and R&D from the regulated markets continues to be the key revenue and profit driver for the company and is backed by significant growth in Latin America."