Net Sales are expected to increase by 30.8 percent Q-o-Q (up 33.7 percent Y-o-Y) to Rs 240.1 crore, according to ICICI Securities. Shilpa Medicare to report net profit at 36.2 crore up 93.2% quarter-on-quarter.
Net Sales are expected to increase by 8.8 percent Q-o-Q (up 15.9 percent Y-o-Y) to Rs 229.9 crore, according to ICICI Securities.
Vishnukant Bhutada, MD, Shilpa Medicare said sales was low due to expansion and R&D work. He added that the past expansions will start reaping benefits from this year onwards.
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