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This along with a higher interest expenditure led to a net loss at Rs 46cr vis vis expectation of net profit of Rs 32cr. Below expectations revenue growth: For the quarter, on a consolidated level, Orchid reported net sales of Rs 365cr, registering a decline of 11.7% yoy. In terms of filings, the cumulative filings of Abbreviated New Drug Applications (ANDAs) in the US stood at 43 which include 8 Para IV FTF (first to file) applications.””We expect Orchid to post net sales of Rs 2,434cr, with EBITDA margin of 16.0% in FY2014E.

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