Bliss GVS Pharma Q1 net up 29% to Rs 14 cr

Bliss GVS Pharma today said its net profit rose by 28.81% to Rs 13.59 crore for the first quarter ended June 30, 2011, over the same period previous fiscal.

The company had posted a net profit of Rs 10.55 crore in the same period previous financial year, Bliss GVS Pharma said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company rose to Rs 52.25 crore for the first quarter ended June 30, 2011, compared to Rs 40.45 crore in the year-ago period.

Shares of Bliss GVS Pharma today closed at Rs 22.80 on the BSE, down 5.98% from its previous close.