Suven Lifesciences Q1 net dips 2.3% to Rs 3 cr

Suven Lifesciences today said its net profit declined by 2.32% to Rs 3.36 crore for the quarter ended June 30, 2011.

The company had posted a net profit of Rs 3.44 crore for the quarter ended June 30, 2010, Suven Lifesciences said in a filing to the Bombay Stock Exchange (BSE).

Net income of the company stood at Rs 44.63 crore for the quarter ended June 30, 2011, as against Rs 35.92 crore for the corresponding period last fiscal.

In a separate filing to the BSE, the company said its members have approved dividend of 0.25 paisa per equity share of Re 1 each.