Nicholas Piramal Q1 net profit down 32.5%

MUMBAI: Nicholas Piramal India Ltd has reported a net profit of Rs 34.39 crore for the quarter ended June 30, 2007, down 32.5% from Rs 51 crore in the quarter ended June 2006. Total income for the period stood at Rs 397.09 crore, down from Rs 401.89 crore in the year ago quarter

Consolidated Results

The group posted a profit after prior period items of Rs 43.43 crore for the quarter ended June 2007 compared with Rs 53.86 crore in the year-ago period. Total income was at Rs 610.09 crore against Rs 522.58 crore for the quarter ended June 2006.

Results for the quarter ended June 2007 are not comparable as it includes operations of Morpeth facility acquired from Pfizer on June 19, 2006 which was not included in the results for the quarter ended June 30, 2006.