Bilcare Ltd, a Pune based integrated service provider to the global pharmaceutical industry, has satisfactory performance during the first quarter ended June 2008.

Bilcare's satandalone net profit increased by 18.8 per cent to Rs 16.09 crore from Rs 13.54 crore. Its standalone net sales increased by 22.5 per cent to Rs 113.76 crore from Rs 92.88 crore in the last quarter. The earning per share improved to Rs 9.35 for the quarter ended June 2008 from Rs 8.97 in the previous period.

The company's consolidated net profit reached at Rs 21.08 crore from RS 16.53 crore, a growth of 27.5 per cent. Similarly its net sales for the quarter went up by 43.3 per cent to Rs 187.50 crore from Rs 130.83 crore in the corresponding period of last year.

The company and MeadWestvaco jointly acquired International Labs Inc., USA in July 2008.The focus of this venture will be to work with retailers, including Wal-mart, and generic and branded pharmaceutical companies to bring innovative healthcare compliance and technology solutions to meet the dynamic challenges of the US healthcare sector.