Piramal Healthcare net profit up by 44.8% in Q2

Piramal Healthcare Limited has posted a 44.8 per cent increase in its net profit at Rs 1.0 billion in the second quarter of FY 2010 as compared to Rs 733.9 million in Q2 FY 2009. 

Total operating income on consolidated basis for the quarter ended September 30, 2010 was up by 12.4 per cent to Rs 10.0 billion over Q2FY2009. Operating profit increased by 26.1 per cent to Rs 1.8 billion, operating profit margin for the quarter was higher at 17.9 per cent as compared to 16 per cent in Q2FY2009 and net profit was up by 44.8 per cent to Rs 1.0 billion as compared to Rs 733.9 million in Q2 FY2009. Earnings per share (EPS) for the quarter was up by 44.7 per cent to Rs 5.1 as compared to Rs 3.5 for during the same period last year.

During the quarter, healthcare solutions (domestic formulations) division grew by 16.2 per cent as compared to industry growth of 12.4 per cent with sales of Rs 5.2 billion.