Amrutanjan Healthcare Q4 net up 89 pc to Rs 5.59 cr

MUMBAI: Amrutanjan Healthcare today posted an 89 per cent increase in its net profit at Rs 5.59 crore for the quarter ended March 31, 2011 as compared to the same period last fiscal.

The company had a net profit of Rs 2.96 crore in the quarter ended March 31, 2010, Amrutanjan Healthcare said in a filing to the Bombay Stock Exchange (BSE).

During the quarter under review, the company's net sales stood at 34.34 crore, a 37.46 per cent increase from Rs 24.98 crore posted in the corresponding quarter previous fiscal.

For the year ended March 31, 2011, Amrutanjan Healthcare's net profit declined by 20 per cent to Rs 9.46 crore as against Rs 11.81 crore posted in the year-ago period.

During the period, the company's net sales increased to Rs 103.41 from Rs 89.77 crore in the previous fiscal.

Besides the company also said its board of directors has approved buy back of equity shares at a meeting held today.

The company said "the buy back shall not exceed 10 per cent of the paid up share capital and the price will be determined at a late date".

Shares of Amrutanajan Healthcare closed at Rs 787.90 on the BSE, up 2.80 per cent from the previous close.