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Wednesday, February 01, 2006

Elder Pharma - For Healthy Bones And Growth


Elder Pharma net up 53%

Elder Pharma has posted 53 per cent growth in net profit at Rs 10.74 crore for the third quarter ended December 2005 as compared with Rs 7.02 crore in the corresponding quarter last year. Income from operations has increased to Rs 94.41 crore for the quarter from Rs 79.67 crore in the year-ago period, registering a growth of 19 per cent. EBIDTA stood at Rs 18.50 crore as againt Rs 13.07 crore last year, up 42 per cent. EPS recorded was Rs 6.14.

Earlier, Elder Pharmaceuticals signed an agreement with Worldwide Media to be the principal sponsor for the annual Filmfare awards and South Filmfare awards for the events to be hosted in 2006, 2007 & 2008.

Elder has a good portfolio of brands with 'Shelcal' being its numero uno brand and almost generic for calcium supplements. It has a good marketing team and a good management



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