Orchid Chem Q1 consolidated net zooms 345%

Orchid Chemicals & Pharmaceuticals has posted a 345% jump in consolidated net profit at Rs 48.59 crore for the quarter ended June 30, 2007 when compared with Rs 10.83 crore for the quarter ended June 30, 2006.

According to an official release issued by the company to the BSE today, total income has increased to Rs 304.63 crore from Rs 213.40 crore for Q1FY07.

On a stand-alone basis, the company has posted a net profit of Rs 51.30 crore for Q1FY08 as compared to Rs 14.59 crore for Q1FY07. Total income has increased to Rs 291.36 crore for the quarter ended June 30, 2007 from Rs 202.49 crore for the quarter ended June 30, 2006.