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.
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