Wednesday, Oct 22, 2003
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By Our Special Correspondent
Net sales stood at Rs. 311 crores against Rs. 254.26 crores. The operating profit, before interest, depreciation and tax, grew to Rs. 67.09 crores from Rs. 53.16 crores. In the first half of the current year, the net profit grew by 27.2 per cent to Rs. 72.9 crores from Rs. 57.3 crores. Net sales stood at Rs. 574.75 crores against Rs. 477.48 crores. The operating profit grew to Rs. 120 crores from Rs. 98 crores. Addressing a press conference here today, Ajay Piramal, Chairman, said the company was now on the threshold of a significant execution move on the exports front. NPIL has earmarked Rs. 75 crores over two years as capital expenditure for its research and development activity.
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