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German Remedies posts 10% growth in sales

Oct 21, 1999

German Remedies has posted a YoY growth of 10% in net sales and a YoY growth of 12% in net profits. This has been achieved despite the decline in other income, and a marginal deterioration in operating margins. The decline in interest costs has helped the company improve overall profitability.

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 645 587 10.0%
Other Income 2 3 -17.2%
Expenditure 491 443 10.7%
Interest 4 6 -40.7%
Depreciation 16 10 59.7%
Profit before Tax 138 130 5.6%
Tax 33 37 -10.5%
Profit after Tax 105 94 11.8%
Net profit margin 16.3% 16.0%  

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