Ipca Laboratories Q4 net up 23 pc

Mumbai, May 30 : Ipca Laboratories Ltd has posted a net profit of Rs 17.96 crore for the quarter ended March 31, 2006 as compared to Rs 14.59 crore for the quarter ended March 31, 2005, a rise of 23.09 per cent.

Announcing the results, the company said its total income (net of Excise Duty&Sales Tax) has increased from Rs 164.39 crore in Q4 FY 04-05 to Rs 180.69 crore for Q4 FY 05-06.

It has posted a net profit of Rs 63.98 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 80.71 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of Excise Duty&Sales Tax) has increased from Rs 685.45 crore in FY 04-05 to Rs 753.30 crore for FY 05-06.

As per the audited Consolidated results, the Group has posted a net profit (after exceptional items) of Rs 61.50 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 74.08 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of Excise Duty&Sales Tax) has increased from Rs 688.43 crore in FY 04-05 to Rs 760.02 crore for FY 05-06.

The Board has recommended a final dividend of Rs 3 per share (30 per cent) for the financial year 2005-06. Together with the Interim Dividend of Rs 2.50 per share (25 per cent) already declared and paid, the total Dividend for the financial year amounts to Rs 5.50 per share (55 per cent).

UNI