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Orchid Chemicals’ net profit surges

CHENNAI: The net profit of Orchid Chemicals and Pharmaceuticals has surged to Rs. 51.30 crore in the first quarter ended June 30, 2007, from Rs. 14.59 crore in the year-ago period. It has achieved a total income of Rs. 291.36 crore against Rs. 202.49 crore. The first quarter figures for the current fiscal include a foreign exchange gain on foreign currency convertible bonds of Rs. 52.86 crore which had a net impact on the profit after tax.

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