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Divis Lab Q4 net down 6% at Rs 92.68 cr

Divis Lab Q4 net down 6% at Rs 92.68 cr
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First Published: Mon, Jun 09 2008. 04 03 PM IST
Updated: Mon, Jun 09 2008. 04 03 PM IST
PTI
Mumbai: Divis Laboratories, a company engaged in the research and development of pharmaceuticals, announced a consolidated net profit of Rs 92.68 crore for the fourth quarter ended March 31, a 6.32% decline over the corresponding period a year-ago.
The firm had a net profit of Rs98.93 crore in the fourth quarter of FY’07, Divis Lab said in a filing to the Bombay Stock Exchange.
The total income rose to Rs282.71 crore in the latest quarter, from Rs256 crore in the same period a year-ago.
The board has declared a dividend of 200% at Rs4, on shares of face value of Rs2.
For the year ended March 31, the group reported a consolidated net profit of Rs347.6 crore, a 87% growth over the year-ago period. The firm had a net profit of Rs185.86 crore in FY’07.
The total income rose to Rs1,046.62 crore in FY’08, from Rs738.01 crore in the previous year.
Divis Lab reported a standalone net profit of Rs94.37 crore in the fourth quarter of FY’08, a 6.55% decline over the corresponding period a year-ago. The firm had a net profit of Rs100.98 crore in FY’07. The total income rose to Rs282.51 crore in the latest quarter.
For the year ended March 31, the company announced a standalone net profit of Rs353.56 crore, an 84.40% growth over the year-ago period. The total income rose to Rs1,046.8 crore.
Shares of the company were trading at Rs1,397.90, down 6.19% in the early morning trade on the BSE.
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First Published: Mon, Jun 09 2008. 04 03 PM IST