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Dr. Morepen CBI 1 .pdf


Original filename: Dr. Morepen CBI-1.pdf
Title: Morepen Lab registered 25-fold increase in net profit

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Friday, Jan 27st 2017 | Time 11:29
Hrs(IST)

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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..
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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..
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0

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..
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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..
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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..
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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..
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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..
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0

26 Jan 2017 | 4:32 PM

India

World

Russian Radio

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

see more...

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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