Neuland Labs profit up 25.58% y-o-y

The net profit of the year stood at Rs 11.35 crore up by about 2.32 crore compared to Rs 9.038 crore for the previous year, registering an increase of 25.58 per cent.     

The net sales improved from Rs 202.17 crore to Rs 217.70 crore, D P Rao, Chairman and Managing Director of Neulabs told mediapersons here today.     

Referring to the results of Q4 of FY 2007-08 ending March 31, Rao said company had shown an impressive growth of 30 per cent in its net profit and a 14 per cent jump in its turnover for this quarter (January-March 2008), adding that the net sales during this quarter was Rs 64.19 crore as against Rs 54.8 crore for the corresponding period.     
"The financial results in a reflection of our focused plans of being profitable and giving more value to our investors, besides growing our client base as the company has always had strong business growth initiatives. Our product portfolio, financial strength, and demonstration of superior overall performance is a reflected in our results and will continue to do so despite the tough market conditions and the weakening dollar", Raod said.