Unichem Laboratories reports 73% surge in Q2 net profit

Drug firm Unichem Laboratories has reported 73.22% rise in its net profit at Rs 35.07 crore for the second quarter ended September 30, 2012, mainly on account of robust sales. The company had posted net profit of Rs 19.14 crore for the quarter ended September 30, 2011. Total income of the company rose to Rs 264.24 crore for the quarter under consideration, up by 32.90% compared to Rs 198.83 crore for the corresponding period previous fiscal.

Unichem Laboratories is engaged in manufacturing formulations, pharmaceuticals and active pharmaceutical ingredients (APIs). The company was promoted by the late Amrut Mody, a pioneer in the Indian pharmaceuticals business.