Chennai-based Orchid Chemicals & Pharmaceuticals Ltd said its first quarter net profit rose to Rs21.6 crore on standalone basis against the loss of Rs29.8 crore recorded in June quarter a year ago. Its total revenues for the June 2010 quarter declined to Rs303.5 crore from Rs305.8 crore, same period a year ago.
On Wednesday, Orchid Chemicals shares gained 0.7% to Rs190 on the Bombay Stock Exchange, while the Sensex closed 0.6% up at 17,977 points.
Panacea Biotec Ltd said its first quarter net profit rose 150% to Rs32.6 crore compared with Rs13 crore during the June quarter of previous year.
During the period its total revenues increased to Rs253.9 crore, a growth of 43%, from Rs177.2 crore, same quarter a year ago, it said in a regulatory filing.
On Wednesday, Panacea Biotec shares rose 2.8% at Rs198 on the Bombay Stock Exchange, while the Sensex closed 0.6% up at 17,977 points.
The Great Eastern Shipping Company Ltd said its subsidiary Greatship Global Offshore Services Pte Ltd, has taken the delivery of a platform supply and support vessel from from Singapore-based Keppel Singmarine Pte Ltd.
The vessel, Greatship Mamta, is a dynamically positioned (DP2) vessel, capable of supporting offshore exploration, production and subsea construction activities.
On Wednesday, Great Eastern shares ended 0.3% up at Rs285 on the Bombay Stock Exchange, while the Sensex closed 0.6% higher at 17,977 points.