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Cipla Net Up 10%

The company reported an increase to Rs 776 crore

Cipla has announced its 2009 June quarter results. The company has posted a net profit of Rs 776.82 crore when compared to Rs 701.43 crore year-on-year (Y-o-Y), an increase of nearly 10 per cent.

Operating income increased by 8.5 per cent on YoY basis. Net sales went up by 24 per cent.

Its other expenditure went up by around 57 per cent (Y-o-Y).

The company also announced that its board of directors have recommended a dividend of 100 per cent over the face value (Rs 2) for the year 2008-09, this would amount to Rs 155.46 crore.

The company has reserves of Rs 4,186.32 crore.

The company's share price was last traded at Rs 272.15 on July 15, 2009, a rise of 0.02 per cent. The results were announced after the trading hours.