The announcement was made after market hours on Thursday, 19 June 2014.
Meanwhile, the S&P BSE Sensex was up 26.65 points or 0.11% at 25,228.45.
On BSE, so far 1.47 lakh shares were traded in the counter as against average daily volume of 7.97 lakh shares in the past two weeks.
The stock hit a high of Rs 76.80 and a low of Rs 75.10 so far during the day.
Orchid Chemicals & Pharmaceuticals reported a net loss of Rs 80.79 crore in the quarter ended 31 March 2014, lower than net loss of Rs 132.27 crore in the quarter ended 31 March 2013. Net sales rose 67.2% to Rs 448.46 crore in the quarter ended 31 March 2014 over the quarter ended 31 March 2013.
Orchid Chemicals & Pharmaceuticals is involved in the development, manufacture and marketing of diverse bulk activities, formulations and nutraceuticals.
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