Mumbai, July 26: Ajanta Pharma posted an 85.95 per cent rise in net profit at Rs 39.31 lakh in first quarter ended June 30, 2003, compared to Rs 21.14 lakh posted during the same period of the previous financial year.
The company's total income rose to Rs 23.91 crore during the quarter under review, compared to Rs 17.94 crore recorded in the first quarter of FY-‘03, Ajanta Pharma said in a release on Saturday.
Ajanta Pharma posted an export growth of over 69 per cent in the reporting quarter, which contributed 63 per cent of the total turnover, it said.
The company received registrations for 21 more products and filed 61 additional dossiers in different countries during the quarter it said, adding these would drive its export growth in the coming quarters.
The pharmaceutical producer also launched a New Drug Delivery System (NDDS) preparation through its Cardiac and Diabetic Care division, the release added.
Bureau Report