Mumbai-based pharmaceutical firm Ajanta Pharma posted a 55% increase in profits for the quarter ending 31 December 2010.

The company’s net profit increased to approximately R110m, up from R76.9m reported in the corresponding period of the previous year.

Ajanta’s net sales grew 27.3%, while earnings per share increased to R10.21.

For the nine months ending December 2010, the company’s net sales grew by 21% to approximately R331m, up from R273m reported in the same period of the previous year.

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By GlobalData