Tata Docomo’s summer offer
PANJIM: Tata Docomo, the unified telecom brand of Tata Teleservices Limited, announced the exclusive offer of providing an 8 GB micro SD card on activating Photon Max/3G Wi-Fi. The SD card provided can be used in the Wi-Fi device, smartphones and in digital cameras as well. Particularly, timed for the summer holidays, the offer is only valid on post pay rental plans of more than or equal to Rs 750.
The offer provides a useful combo for the customer to download files in SD card and travel along or transfer them freely. With the capability of supporting micro SD cards up to 16 GB, the device can act as a pen drive to store data and hence as a complete vacation package for the customer. Going for holidays with the Photon Max/3G Wi-Fi enables the customers to surf more and store more during their vacations. The offer is valid upto to June 30th 2014.
Indoco profit grows 44%
PANJIM: Indoco Remedies Limited has recorded a total revenue growth of 15.8 % at Rs 185.9 crore during the fourth quarter of FY 2013-14 as against Rs 160.5 crore during the same period last year.
For the year 2013-14, the net revenues grew by 14.5% at Rs 717.4 crore as against Rs 626.4 crore. EBIDTA to net sales for the quarter is 19.9 % at Rs 37.0 crore as against 17.4 % at Rs 27.9 crore during the same quarter last year and for the year, it is 18.7 % at Rs 134.5 crore as against 16.8 % at Rs 105.4 crore last year. Profit before tax (PBT) to net sales for the quarter is 12.1 % at Rs 22.6 crore as against 8.9% at Rs 14.3 crore during the same quarter last year. For the year, PBT is 10.1% at Rs 72.1 crore as against 7.7 % at Rs 48.4 crore last year.
Profit after tax (PAT) grew by 44.4% for the quarter and is 10.0 % of net sales at Rs 18.5 crore as against 8.0% at Rs 12.8 crore during the same quarter last year. For the year, PAT is 8.1% at Rs 57.9 crore as against 6.8 % at Rs 42.7 crore last year. The un-audited standalone results for the fourth quarter of the FY 2013-14 were announced by the Board of Directors of Indoco Remedies Limited at their meeting held in Mumbai on May 28, 2014.
Commenting on the performance, Suresh G Kare, chairman said, “During the quarter, both domestic as well as international business segments of Indoco have registered good growth of 13.9% and 18.2% respectively. In the quarter, the Company received approval for its Goa sterile ophthalmic facility from EU Regulatory and also received the ‘Best Patent Award 2012-2013’ for two of its API process patents at the 52nd IDMA awards. These developments and our belief in our strategies, give us the confidence that the Company is moving faster in the right direction to meet its set goals”.
