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Natco Pharma net profit up 115% in Q2FY19

Press Trust of India  |  Mumbai 

based has reported 115 per cent jump in net profit on a consolidated basis at 181.60 crore for the quarter ended September 2018 as against Rs 84.40 crore same period last year.

The company has recorded consolidated total revenue of Rs 583.50 crore for the second quarter ended on 30th September, as against Rs 432.20 crore for the same period last year, reflecting a growth of 35 per cent, a company statement said here.

During the quarter, the company has witnessed growth in the formulations business, both domestic and exports.

The breakup of revenues has domestic formulations at Rs 193.87 crore, exports formulation including profit share/service income at Rs 247.81 crore, revenues at Rs 66.81 crore, other income at Rs 53.61 crore and subsidiary revenues Rs 21.40 crore for quarter ended 30th September 2018. ******************* Deutsche Bank, HCL Tech tie up for globally *

Deutsche Bank has entered into a strategic partnership with HCL Technologies, wherein the Indian IT company will help to transform the German lender's globally.

HCL will build a cloud-based digital and fully scalable platform which is expected to go live in 2019, an official statement said. ***************** commissions 95 MW solar project in *

Independent Monday said it has commissioned a 95 MW solar project in

This project, which is the first phase of a 260 MW allocation by Urja Vikas Nigam (GUVNL) to and was developed outside a solar park, the company said in a statement issued here.

The company will provide power for 25 years at a tariff of Rs 2.67 per unit to GUVNL.

"We commissioned this project five months ahead of the schedule. With the early commissioning, we have demonstrated our strong project development, engineering, and execution capabilities," Azure Power Founder, chairman and chief executive officer said. ********** ties up with KPIT to upskill engineering talent *

Silicon Valley-based learning platform on Monday said it is partnering with to upskill and build the engineering talent ecosystem for autonomous technology in India, including self-driving cars and autonomous flight.

KPIT is a global technology partner to original equipment manufacturer's - helping them accelerate the implementation of next generation including autonomous driving.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 19:40 IST