Abbott India posts Rs 50 cr profit in Q4

Drug firm Abbott India today posted a net profit of Rs 49.76 crore for the fourth quarter ended March 31, 2015.

The company had posted a net profit of Rs 38.40 crore during the same period of previous fiscal.

Net sales stood at Rs 580.99 crore for the fourth quarter of the last fiscal, while the same was at Rs 478.55 crore in the same period of 2013-14, Abbott India Ltd said in a filing to the BSE.

For the year ended March 31, the company posted a net profit of Rs 228.96 crore. It was Rs 198.45 crore for the previous year.

Net sales during the year stood at Rs 2,237.60 crore, while the same was at Rs 2,231.28 crore in the previous year.

The company said that with effect from financial year 2013-14, it has changed accounting year from January-December to April-March.

"Hence the figures and earnings per share for the current accounting period are not comparable with that of the previous period," it added.

The company's board, which met today, recommended a final dividend of Rs 31 per equity share of Rs 10 each subject to approval of the shareholders.

Abbott India shares today ended at Rs 3,875.75 apiece on the BSE, up 0.85 per cent from previous close.