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Aurobindo Pharmacy: good turnaround
From a loss of Rs 1241 million in 2011-12, Aurobindo Pharma has made a profit of Rs 2914 million in 2012-13. It was not a miracle pill that changed the company’s result but improved operational efficiencies, ability to enter new markets and cost reduction. “To sustain the growth momentum we are re-configuring the product line, freeing resources by removing low value products and focusing on products with high growth. Going forward, we will target developed markets to improve our margin,” said Managing Director, N Govindarajan.  The company has spent 4.06 per cent of the total turnover for R&D in 2012-13. “As we enter 2013-14, we are not just prepared for this year but for many years to come with necessary investments in quality, talent and operational excellence,” said Arvind Vasudevan, CEO-Formulations.
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