Organic chemicals manufacturer Vinati Organics Ltd said its net profit for the second quarter ended September 2010 rose 42% to Rs12.1 crore from Rs11.6 crore, same quarter last year.
For the second quarter to end-September, Vinati Organics said its total sales increased 19% to Rs72.9 crore from Rs61.1 crore.
On Monday, Vinati Organics shares fell 4.1% to Rs79 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.
Drug maker Lupin Ltd said its consolidated net profit rose 34.1% to Rs215 crore for the second quarter ended September 2010 from Rs160.3 crore a year ago, on robust sales across all markets, led by the US and Japan.
For the quarter to end-September, the pharmaceutical company said its total sales increased to Rs1,405.1 crore from Rs1,114.7 crore, same period last fiscal.
"This quarter's business performance was fuelled by a strong business performance in the US and Japan, solid domestic growth and increased activity in all key pharmerging (emerging pharma) markets, including South Africa and Australia," Kamal K Sharma, managing director, Lupin said in a release.
On Monday, Lupin shares ended 1.5% up at Rs444 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.
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