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Hikal Q1 profit after tax up by 23%

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:47 PM IST

The company has reported a PAT of Rs 8.7 crore in the same quarter last year, Hikal said in a statement.     

During the period, the company's net sales also increased to Rs 91.9 crore, a rise of 63 per cent against the same period last year.     

"The long-term contracts signed earlier with leading global life sciences companies is now resulting in increased pharma sales. We expect this trend to continue as a number of our projects will go on stream in the coming quarters," Hikal Ltd Vice-Chairman and Managing Director Jai Hiremath said.     

Hikal is supplying key active ingredients and intermediates, manufactured using global quality standards, for it's customers in the United States, Europe and Japan.

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