Cadila Healthcare first quarter net profit surges by 60% to Rs 199 crore

Cadila Healthcare first quarter net profit surges by 60% to Rs 199 croreCadila Healthcare has informed that it has posted a 60% hike in its net profit figure. It has announced its financial results for the June quarter of the fiscal year 2010-11.

According to the company, it has registered a net profit of Rs 199.18 crore for the quarter that ended in 30th June, 2010. Last year, the company had registered a net profit of Rs 124.79 crore in the corresponding quarter.

So there has been a huge hike of 60% in the net profit of the Q1, Cadila Healthcare has informed this in a filing at the Bombay Stock Exchange (BSE). It has also informed that its income from its operations has been increased to Rs 1,133.78 crore during the April-June quarter of fiscal year 2010-11.

Last year it was Rs 903.54 crore for the same quarter. The firm has managed to continue its robust performance in the US market and there has been a huge sales hike of around 51% year-on-year. It has touched Rs 223 crore from its US operations.