Drug major Nicholas Piramal India has reported a 1,335 per cent growth in net profit to Rs 39.6 crore for the last quarter of 2002-03, against Rs 2.76 crore during the same period in the previous fiscal.
The steep increase in profitability was largely contributed by a one-time current tax credit of Rs 17.79 crore and a deferred tax credit of Rs 11.78 crore during the last quarter.
The company
