Ranbaxy Q4 net zooms 129.45 per cent

New Delhi, Apr 27: Pharma major Ranbaxy Laboratories Ltd today registered a 129.45 increase in net profit at Rs 115.28 crore for the first quarter ended March 31, 2007 as compared to Rs 50.24 crore during the same quarter a year ago.

The total income rose from Rs 814.65 crore for the quarter Q1FY06 to Rs 1016.04 crore in Q1FY07.

The company appointed Mr Harpal Singh as Non-Executive Chairman of the Board of Directors. He has been a Director on the Board since July 2000.

Meanwhile, Mr Sunil Godhwani was elected as a Director of the company in the casual vacancy followed by the resignation of Mr Tejendra Khanna, a statement said.

UNI