Sanofi India Q1 net up 11% at Rs 44 cr

Net sales of the company rose to Rs 363 cr in the first quarter ended from Rs 322.5 cr in the same period of 2012

Sanofi India Ltd today posted a 10.47% rise in its net profit at Rs 44.3 crore for the first quarter ended March 31, 2013.

The company, which was previously know as Aventis Pharma, had posted a net profit of Rs 40.1 crore in the same period of 2012.   

The company follows January-December fiscal.  

Net sales of the company rose to Rs 362.9 crore in the first quarter ended from Rs 322.5 crore in the same period of 2012.   

The company's board, which met today, recommended a final dividend of Rs 29 per equity share of Rs 10 for the year ended December 31, 2012.

Shares of Sanofi India today closed at Rs 2,554.85 on the BSE, up 2.13% from their previous close.