HLL pays Rs 466 lakh dividend to Union government

THIRUVANANTHAPURAM: HLL Lifecare Limited (HLL) has paid Rs 466 lakh as dividend to the Union Government for the financial year 2014-15.

This is the fourth consecutive year that HLL has crossed Rs 1,000 crore business from its operations. The total volume of business handled by the company has grown from Rs 1,590 crore in the last financial year to Rs 1,678 crore this year, a press release here said.

HLL Chairman and Managing Director, Dr M Ayyappan, handed over the dividend cheque to Union Minister for Health and Family Welfare, Jagat Prakash Nadda, in the presence of Secretary Health and Family Welfare B P Sharma and other senior officials.

Nadda commended the HLL team for its consistent growth over the years.

"This year, we have seen a significant growth of 12.35 per cent in revenues from operations; from Rs 941.68 crore in 2013-2014 to Rs 1,058 crore this year," said Dr Ayyappan. "HLL has crossed Rs 1,000 crore last year, exclusively from our manufacturing and services businesses."

The company also witnessed a 9.46 per cent growth in its gross operating margin and a 6.7 per cent growth in its net worth compared to the last fiscal.

HLL, with its registered and corporate office in Thiruvananthapuram, is a Mini Ratna Public Sector Enterprise, under the Union Ministry of Health & Family Welfare.