Ind-Swift Lab FY11 profit up 51% on robust overseas revenue
Ind-Swift Laboratories full-year (April-March) net profit jumped 51% to Rs 87.62 crore on back of robust revenues from US and Europe and successful accredition of the company's manufacturing facilities by the Japanese and Korean regulatory authorities, the company said in a press release Thursday.
Moneycontrol Bureau
Ind-Swift Laboratories full-year (April-March) net profit jumped 51% to Rs 87.62 crore on back of robust revenues from US and Europe and successful accredition of the company's manufacturing facilities by the Japanese and Korean regulatory authorities, the company said in a press release Thursday.Net sales for the full-year rose 30.49% to Rs 1,031.21 crore from Rs 790.52 crore a year ago boosted by strong revenues from overseas market, the company said. Export grew 32% to Rs 416 crore from Rs 316 crore a year ago."The company's focus on exports to regulated and semi-regulated markets of US, Japan and Europe has also resulted in adding to the growth momentum," said vice chairman and managing director, NR Munjal.Ind-Swift Laboratories has recommended a 10% dividend per shares.At 10:50 hrs, shares of Ind-Swift Laboratories were trading flat at Rs 93.35 on the Bombay Stock Exchange. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
