Shasun Pharmaceuticals Q4 net up 53% at Rs 59 crore

NEW DELHI: Shasun Pharmaceuticals Ltd today reported a 53.57 per cent rise in consolidated net profit at Rs 58.99 crore for the fourth quarter ended March 31, 2012.

The company had posted a net profit of Rs 38.41 crore during the same period of previous fiscal, 2010-11, Shasun Pharma said in a filing to the BSE.

Net sales of the company rose to Rs 288.72 crore in the January-March quarter of FY12, as against Rs 203.64 crore during the same period last fiscal.

For the full year ended March 31, 2012, the company posted a consolidated net profit of Rs 100.57 crore, as against Rs 26.62 crore in 2010-11 fiscal.

The company's board, today recommended a final dividend of 20 per cent (Rs 0.40 per share) on equity share of Rs 2 each.

Shares of Shasun Pharma today closed at Rs 131.20 apiece on the BSE, up 4.96 per cent from its previous close.