Advik Laboratories is a Public Limited Company promoted in 1994. It came out with a successful IPO in 1996. The company tasted success in the Domestic & International Market till 2003. However due to change in regulations of importing countries, the company lost out on the export market. In addition due to the high cost of raw materials and high discounts in the domestic market, resulted in a further reduction the profit margin.

However, the company now having achieved WHO GMP certification and in the process of getting UK - MCA certification, the outlook is on a sunny side.

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The Audited Financial Results are given as below for the year 2006 - 2007 & 2005 - 2006. More information in this regard can be obtained by emailing us at investors@advikindia.com.
 
   
(INR in lacs) 2006 - 2007 2005 - 2006
Sales 952.19 317.09
Other Income 34.13 8.82
Gross Profit / (Loss)
before interest & dep. 63.88 (39.73)
Interest 12.58 2.33
Depreciation 37.70 37.53
Net profit/ (Loss) for the year 13.60 (79.59)