Share shake-up: Orchid Pharma Ltd s board nods to Dhanuka Laboratories merger, shareholding to witness significant shifts thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
New Delhi [India], November 16 (ANI/PRNewswire): Orchid Pharma today announced their Q2'22 results. Fuelled by increasing sales and a laser-sharp focus on costs, Orchid Pharma reported a 36 per cent surge in total revenue from operations while the EBIDTA has jumped by 104 per cent over the quarter ending September 2021. Dhanuka Group, through its pharmaceutical arm, Dhanuka Laboratories Ltd, had taken over the company through the CIRP (Corporate Insolvency Resolution Process) on 31st March 2020. In spite of the COVID-19 Pandemic, the group through its relentless efforts has turned around the business and within a year made the loss-making business profitable. Speaking on the Q2 results, Manish Dhanuka, Managing Director, Orchid Pharma said, "Our revenues have seen a sharp uptick over the last one year. We have focussed on increasing the capacity utilizations while controlling costs. Owing to all the measures we took, bearing fruit, and a strong product pipeline, the results ar
Orchid Pharma Ltd and Dhanuka Laboratories Ltd to merge equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.