Alembic Pharma Q4 net profit rises 15% to Rs 70 crore

Company's net sales during the reported quarter rose 8.30% to Rs 501.83 crore

Vadodara-based drug firm Alembic Pharmaceuticals today reported 14.74 per cent increase in net profit at Rs 70.33 crore for the quarter ended March 31, 2015.

The company had reported a net profit of Rs 61.29 crore in the corresponding period a year ago.

Alembic Pharmaceuticals' net sales during the reported quarter rose 8.30 per cent to Rs 501.83 crore as against Rs 463.33 crore in the same quarter of previous fiscal.

For the year ended March 31, 2015, net profit increased by 20.14 per cent to Rs 282.93 crore as compared to Rs 235.5 crore last year.

Net sales grew by 10.31 per cent in financial year 2014-15 at Rs 2,052.68 crore as against Rs 1,860.7 crore in the previous fiscal.

Meanwhile, in a separate filing, the company's Board said it has recommended a dividend of Rs 3.50 per equity share.

Alembic Pharmaceuticals shares closed 3.02 per cent down at Rs 34.25 apiece on the BSE.