RPG Life Sciences Sees Surge in Fiscal Q4 Profit; Shares Up 3%

MT Newswires Live
04-29

RPG Life Sciences' (NSE:RPGLIFE, BOM:532983) profit surged to 1.17 billion Indian rupees in the fiscal fourth quarter ended March 31 against 132.4 million rupees a year ago.

Earnings per share climbed to 70.96 rupees compared with the year-ago figure of 8.01 rupees, according to a Monday filing to the Indian stock exchanges by the pharmaceuticals manufacturer.

Revenue from operations in fiscal Q4 increased to 1.43 billion rupees from 1.27 billion rupees a year earlier.

The board of directors recommended a final dividend of 20 rupees per equity share of the face value of 8 rupees each for the fiscal year ended March 31.

A special dividend of 4 rupees per equity share of face value of 8 rupees each has also been recommended on account of significant exceptional profit on the assignment of land.

The company's shares were up nearly 3% in recent trade.

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