ImageTorrent Pharmaceuticals announced a 36.03% rise in consolidated net profit of Rs.507 million for the quarter ended Dec. 31, 2008 as against Rs 372.7 million in quarter ended Dec. 31, 2007.

The consolidated net sales rose 24.18% to Rs 4,208.8 million for quarter ended Dec .31, 2008 as against 3,389.2 million for quarter ended Dec. 31, 2007.

The company announced a marginal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 3.38% to Rs 559.90 million from Rs 541.60 million in the same quarter last year.

Net sales for the quarter rose 27.24% to Rs 3,207.10 million, while total income for the quarter rose 22.72% to Rs 3,230.60 million, when compared with the prior year period.

The company posted earnings of Rs 6.62 a share during the quarter, registering 3.44% growth over prior year period.

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During the quarter, interest cost decreased 17.62% to Rs 38.80 million while depreciation cost rose 16.67% to Rs 94.50 million over previous year period.

Shares of the company declined Rs 2.5, or 1.93%, to settle at Rs 127.35. The total volume of shares traded was 5,315 at the BSE (Tuesday).