Hikal has fared well in 2005-06 with a growth in both Turnover and Net profit. Hikal posted a 24% growth in turnover and registered a 21% increase in profits.

The pharmaceutical division grew at 68% to Rs. 83.4 crores and the crop protection division grew at 7% to Rs. 147 crores. We achieved exports of Rs. 178 crores, a growth of 16%.

Hikal has made a strategic investment in Jiangsu Chemstar Industries Co. Ltd., (a subsidiary company of Sinochem Corporation, China “A FORTUNE 500” company). Hikal acquired a 10% stake (with an option to invest up to 20%) in this year.