Net sales for the year are, however, marginally lower at Rs 382.49 crore as against Rs 386.90 crore in the previous year. The results are only in respect of HMR and do not include that of Roussel India. Other income and total expenditure stood at Rs 19.78 crore and Rs 339.35 crore respectively, while interest was Rs 8.41 crore. Depreciation was higher at Rs 12.44 crore (Rs 10.74 crore).

Profit before extraordinary items and taxation was lower at Rs 42.07 crore as against Rs 42.72 crore in the previous year. Net profit margins is 8.11 per cent as against 5.23 per cent in the previous year. Extraordinary income for the year was Rs 3.19 crore as against an extraordinary expense of Rs 7.60 crore in the previous year.Extraordinary items include the profit on sale of fixed assets and developmental rights and payment of voluntary retirement compensation. Tax for the year was Rs 14.23 crore as against Rs 14.86 crore in the previous year.

Meanwhile, Roussel India, which is in the process of being merged with Hoechst Marion Roussel has registered a sales turnover of Rs 166 crore representing a 13 per cent increase over the previous year.