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Posted at: May 11 2016 8:43PM
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Morepen Lab registered 25-fold increase in net profit New Delhi, May 11 (UNI) Morepen Laboratories Ltd has reported an over 25-fold increase in its net profit for the financial year ended March 31, 2016. The net profit increased from Rs 58 lakh in FY 2014-15 to Rs 15.78 crore in FY 2015-16. The total operating revenue in FY 2015-16 stood at Rs 452.46 crore as against Rs 370.26 crore in the previous fiscal, registering a growth of 22.20 per cent. According to the result announced by the company here today, for the fourth quarter ended March 31, 2016, net profit rose to Rs 2.77 crore on a total operating revenue of Rs 123.59 crore as compared to a loss of Rs 3.72 crore on a total operating revenue of Rs 85.36 crore in the corresponding quarter of the previous fiscal. Morepen’s EBIDTA increased by 36.30 per cent in fiscal 2015-16 at Rs. 65.38 crore and the cash surplus (i.e. EBDTA) rose by 40 per cent at Rs. 54.96 crore compared to Rs. 47.95 crore and Rs. 39.31 crore respectively, in the previous fiscal. Total revenues from the bulk drug Montelukast in Q4 grew by more than 90% at Rs. 25.71 crore. Thus, Montelukast registered the highest growth amongst bulk drugs followed by Loratadine and Atorvastatin, which grew by 20% and 37% respectively, over Q4 last year. In the FY 2015-16, total revenue from Montelukast crossed Rs. 74 crores and is likely to cross Rs. 100 crore mark in fiscal 2016-17. In fact, Morepen Laboratories Ltd. has established a leadership position for its anti asthmatic bulk drug Montelukast in the global market. As per the latest report published by a global research firm QYR Research, Morepen is the No.1 supplier globally in terms of total quantity sold, followed by Mylan and TAPI (Teva) who appear on the second and third position respectively. Morepen’s global sales for Montelukast Sodium stood at 16240 kgs in calendar year 2015, resulting in a market share of 23 per cent (approx.) compared to Mylan’s and Teva’s 12 per cent each, the report claims. This was disclosed by Mr. Sushil Suri, Chairman and Managing Director, Morepen Laboratories Ltd. after the company’s board meeting, which discussed and took on record the fourth quarter and annual results of the company for the financial year 2015-16. “After attaining leadership in Loratadine, by being world’s largest generic supplier of the bulk drug, Morepen Laboratories Ltd. has attained a leadership in its second molecule -Montelukast,” he pointed out.
PHILADELPHIA, JAN 27:- A demonstrator shouts at a protest near the hotel where House and Senate Republicans are attending a retreat, in Philadelphia, Pennsylvania, U.S. January 26, 2017. REUTERS-5R
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Top News BJP to meet EC officials seeking removal of UP officials working for SP (Rptg, correcting typo in para one, line two) Lucknow, Jan 27 (UNI) A high-level delegation of the BJP would meet Election Commission officials here today to apprise them about the role of some officials of the Uttar Pradesh government whose participation in the Assembly elections could deter in holding free and fair polls. see more.. Share
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27 Jan 2017 | 10:21 AM
Kashmir highway remains closed for day-4, over 250 vehicles stranded Srinagar, Jan 27 (UNI) The national highway, connecting Kashmir valley with the rest of the country, remained closed for the fourth day today due to snowfall and slippery road conditions. see more.. Share
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27 Jan 2017 | 11:13 AM
Rahul to campaign in Punjab for 3 days from today New Delhi, Jan 27 (UNI) Congress vice-president Rahul Gandhi will embark on a three-day visit to Punjab from today during which he will address election rallies in Majitha, Jalalabad and Lambi. see more.. Share 0 27 Jan 2017 | 10:53 AM
'Raees' earns Rs 20.5 cr, 'Kaabil' collects Rs 10.43 cr on opening day New Delhi, Jan 27 (UNI) Bollywood star Shahrukh Khan starrer 'Raees' scored over Hrithik Roshan starrer 'Kaabil', earning Rs 20 point 5 cr on its opening day, trade sources said. see more.. Share 0 27 Jan 2017 | 11:18 AM
India, UAE must jointly fight scourges of terror, intolerance for peace in West, S Asia: Prez New Delhi, Jan 26 (UNI) President Pranab Mukherjee today said India and the United Arab Emirates as responsible nations should continue collective efforts against the forces of extremism, terrorism and intolerance which attempt to weaken the very fabric of our societies. see more.. Share 5 26 Jan 2017 | 5:19 PM
PM greets people on Republic Day New Delhi, Jan 26 (UNI) Prime Minister Narendra Modi today wished people of the country on the occasion of the Republic day.
see more.. Share 0 26 Jan 2017 | 1:31 PM
PM expresses grief over deaths of Army jawans in Kashmir avalanches New Delhi, Jan 26 (UNI) Prime Minister Narendra Modi today expressed grief over the death of Army jawans in two separate avalanche incidents in Kashmir and said that he has directed the authorities for speedy search and rescue operation. see more.. Share
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26 Jan 2017 | 4:32 PM
India
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Reuters
Rahul to campaign in Punjab for 3 days from today
Hong Kong stocks ease off 3month high ahead of holiday weekend
27 Jan 2017 | 10:53 AM
27 Jan 2017 | 10:33 AM
New Delhi, Jan 27 (UNI) Congress vice-president Rahul Gandhi will embark on a three-day visit to Punjab from today during which he will address election rallies in Majitha, Jalalabad and Lambi. 'Raees' earns Rs 20.5 cr, 'Kaabil' collects Rs 10.43 cr on opening day TV PROGRAMME DD INDIA
HONG KONG, Jan 27 (Reuters) Hong Kong stocks slipped today, ending four straight days of gains but only easing slightly from three-month highs as investors took profit ahead of the holiday weekend. Dollar edges up, Mexican peso tumbles on Trump's tax proposal Asia shares steady, dollar and oil extend gains on renewed optimism Trump says he wants to cut Navy submarines' price -Fox News interview
TV PROGRAMME DD URDU TV PROGRAMME DD SPORTS TV PROGRAMME DD NEWS see more...
Japan says preparing for all possible US trade contingencies Beijing tells officials not to set off fireworks to stop smog see more...
States
Sports
Normal rail service resumes in Kashmir
Australia captain Smith ruled out of NZ one-dayers
27 Jan 2017 | 11:22 AM
27 Jan 2017 | 8:10 AM
Srinagar, Jan 27 (UNI) Normal rail services resumed in the Kashmir valley, where less number of train runs were operated yesterday for security reasons and intermittent snowfall.
Undated,Jan 27 (Reuters) Australia captain Steve Smith has been ruled out of the upcoming one-day international series in New Zealand after he picked up a minor ankle injury in the ODI victory over Pakistan in Adelaide.
AP CM hits at YSR Congress Chief for high drama Parties indulge in Opportunistic politics: Pawan Two killed, 10 hurt as autorickshaw turns turtle Kashmir highway remains closed for day-4, over 250 vehicles stranded BJP to meet EC officials seeking removal of UP officials working for SP see more...
Australia captain Smith ruled out of NZ one-dayers Bolt and Jamaica team mates ordered to return relay medals Concentrate on promotion, Sutton boss Doswell tells Leeds Tottenham trio to miss Wycombe clash with injury Maracana stadium has electricity cut off due to unpaid bills see more...
Priority Stories
Features
BJP to meet EC officials seeking removal of UP officials working for SP Kashmir highway remains closed for day-4, over 250 vehicles stranded
Bootstrapping to Rs 1090 cr turnover Women take on goondas for change in Delhi's Jamia Nagar area It’s 'Jamghat', after Diwali
Rahul to campaign in Punjab for 3 days from today
Artists are not terrorists: Mallika Sarabhai
'Raees' earns Rs 20.5 cr, 'Kaabil' collects Rs 10.43 cr on opening day
Ya Devi Sarvabhuteshu....... see more...
India, UAE must jointly fight scourges of terror, intolerance for peace in West, S Asia: Prez see more...
Business & Economy
Entertainment
BULLION-OPENING
'Raees' earns Rs 20.5 cr, 'Kaabil' collects Rs 10.43 cr on opening day
27 Jan 2017 | 11:04 AM
Chennai Bullion Market opening Rates Chennai, Jan 27 (UNI) Following are the opening rates in the Chennai Bullion Market today. Union Minister Jaitely to Inaugurate CII’s Partnership Summit in Smart City Chennai Bullion Market Closing Rates MARKET-GUJ-CLOSE SBI to open separate branch for startup project Markets-closed see more...
27 Jan 2017 | 10:42 AM
New Delhi, Jan 27 (UNI) Bollywood star Shahrukh Khan starrer 'Raees' scored over Hrithik Roshan starrer 'Kaabil', earning Rs 20. Kaabil: a slick revenge drama with stellar acts by Hrithik, Ronit Comical version of Shakespearean theatre to play in Theatre festival Raees: A 'vintage' Shahrukh enthralls in a heady cocktail of Romance, drama and action Malabar film fete to screen Sadgati to pay tribute to Om Puri After shows from Turkey & Ukraine, Zindagi to launch South Korean drama ‘Descendants of the Sun’ see more...
Science & Technology
AUTOWORLD
Genetic makeup of 'roommate' can impact your health
Mercedes-Benz launches A-Class and B-Class ‘Night Edition’
26 Jan 2017 | 4:10 PM
New Delhi, Jan 26 (UNI) The genetics of nearby mice can have a large impact on one animal's weight and health, a new research has found. Nano-particle fertilizer could lead to new 'green revolution' New species of ‘wicked’ parasitic wasp New species of ‘wicked’ parasitic wasp Football as medicine for women with high blood pressure Football as medicine for women with high blood pressure see more...
25 Jan 2017 | 5:09 PM
Mumbai, Jan 25(UNI)Leading luxury car maker Mercedes-Benz has strengthened its new generation cars portfolio by rolling out two stunning luxury compacts the AClass and the B-Class ‘Night Edition’. Maruti Suzuki Q3 standalone net profit jumps by 47 percent Ford launches brand to sell auto parts to fix competitors' vehicles Okinawa to expand business in India, targets 450 dealers in 3 yrs Tata Motors launches premium sports utility vehicle in Mumbai Trump threatens German carmakers with 35 pct US import tariff see more...
Startup World
Electronics & Gizmos Start-up coalition formed 18 Jan 2017 | 6:05 PM
Mumbai, Jan 18 (UNI) The TiENASSCOM, Indian Angel Network and Indian Venture Capital Association today announced that they have joined hands
Mobile phone industry fully recovered from 'minor' demonetization effect, back on growth track Samsung 19 Jan 2017 | 5:46 PM
Ahmedabad, Jan 19 (UNI) Samsung, the largest Smartphone selling company in India, today said that the mobile phone industry in the country had fully recovered from the 'minor' effects of demonetisation and the company was showing growth trends in sales in January.
to form a start-up coalition to draw attention to difficulties faced by the Indian start-ups and to assist the government in streamlining the entire process. VC funding in Healthcare IT/Digital health crosses USD 5B in 2016 Renowned dancer Ananda Shankar Jayant launches dance practice app ‘Natyarambha’
Samsung brings new smartphone Galaxy C9 Pro
AccorHotels opens first ibis in Kochi
Vodafone to offer 4 times more data to its 4G customers
FreeCharge, Faasos enter pact to offer e-wallet payment solution
Vodafone launches SuperNet 4G services in Punjab
Digital payment: ICICI Bank launches ‘Eazypay’ app for retailers
Samsung Elec to disclose Note 7 probe results on Jan 23 -Yonhap
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Govt launches 'SEZ India' app for strong e-Governance drive see more...
Election 'Real life' is much complex than 'reel life': Rajpal 26 Jan 2017 | 8:20 PM
Shahjahanpur Jan 26 (UNI) Sarvsambhav Party leader and bollywood actor Rajpal Yadav today said that 'real life' was much more complex than 'reel life'. Akhilesh, Rahul to launch joint campaign for UP polls on Sunday Both factions of Apna Dal to contest UP polls separately Mayawati ropes in smaller parties in east UP; Mukhtar Ansari likely to contest on BSP ticket Mayawati to campaign in 75 districts barring few SP, Cong dominated belts in UP RLD announces sixth list of 27 candidates for UP Assembly polls see more...
Friday, Jan 27st 2017 | Time 11:29 Hrs(IST)
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