Nicholas Piramal Q1 consolidated net at Rs 54cr

Nicholas Piramal today reported a consolidated net profit of Rs 53.86 crore for the quarter ended June 30, 2006 as against Rs 50.20 crore in Q1FY06.

According to a release issued by the company to the BSE today, total income moved up to Rs 522.58 crore from Rs 400.09 crore in Q1FY06.

"The consolidated results for the current quarter ended June 30, 2006 include the results of NPIL Pharmaceuticals (UK) and Torcan Chemical, Canada, which were acquired in December 2005. The figures therefore are not strictly comparable," the release added.

The company, on a stand-alone basis, posted a net profit after tax & exceptional item of Rs 51 crore for the quarter ended June 30, 2006 as against Rs 54.13 crore in Q1FY06. Total income increased to Rs 401.89 crore from Rs 382.98 crore in Q1FY06.