Home >companies >Strides Shasun net profit at Rs96.22 crore for March quarter

New Delhi: Drug firm Strides Shasun Ltd on Monday reported a consolidated net profit at 96.22 crore for the fourth quarter ended 31 March 2016 on account of robust sales.

The company had posted a net profit after taxes and minority interest of 11.39 crore for the same period a year ago, Strides Shasun said in a BSE filing. Consolidated total income from operations stood at 1,001.98 crore for the quarter under review. It was 335.78 crore in the corresponding period of the previous fiscal.

For the fiscal ended 31 March 2016, the company had posted a net profit of 208.92 crore, whereas it was 844.99 crore in the previous fiscal. Consolidated total income from operations of the company stood at 3,156.35 crore for the 2015-16 fiscal.

It was 1,195.84 crore for the previous fiscal.

Strides Shasun executive vice-chairman and MD Arun Kumar said: “We closed out fiscal year 2016 on a high note with a milestone quarter and a strong business momentum despite a weak performance from our emerging market operations."

In a separate filing Strides Shasun said its board has recommended a dividend of 40% at 4 per share for the year ended 31 March 2016. Shares of Strides Shasun on Monday closed at 1,192.55 per scrip on the BSE, up 0.24% from its previous close.

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