Hikal Reports Increase in Net Profits and Sales

Hikal (Mumbai), an active ingredients and intermediates manufacturer, says net profits for its fiscal third quarter ended December 31, 2011, more than doubled year over year to Rs130 million ($2.63 million) . Sales were also up by 84%, to Rs1.855 billion in the fiscal third quarter. Ebitda increased by 74% and profit before tax (PBT) more than doubled in fiscal third quarter, to Rs463 million and Rs127 million, respectively. Sales of the pharmaceutical and crop protection businesses of Hikal also grew significantly by 92% and 68%...

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