Indoco Remedies has announced its third quarter numbers of FY10, which were better on all three counts especially bottomline. Its profit after tax shot up to Rs 7.73 crore from Rs 63 lakh, on year-on-year basis (YoY).
Revenues went up 22.2% to Rs 96 crore versus Rs 78.5 crore and operating profit margin (OPM) increased to 12% versus 7.6%.
Topline grew but OPM expanded despite total expenditure was up 16.4% to Rs 84.5 crore.
Raw Material costs rose 25.2% to Rs 37.4 crore versus Rs 29.9 crore. Staff costs went up 19.3% and other expenses rose 6.3%.
PAT grew due to higher topline and OPM. There was also saving in interest costs as they fall to Rs 60 lakh from Rs 1.7 crore.
Source: CNBC-TV18Courtesy moneycontrol.com
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