Ipca Labs Q4 net up 23%

Ipca Laboratories today posted a 23.09% increase in net profit at Rs 17.96 crore for the fourth quarter ended March 31, 2006 when compared with Rs 14.59 crore in Q4FY05.

Total income increased to Rs 180.69 crore from Rs 164.39 crore in the year-ago period, according to a release issued by the company to the BSE today.

The board has recommended a final dividend of 30% i.e Rs 3 per share of Rs 10 each, the release added.

"Along with the interim dividend of 25% i.e Rs 2.50 per share already declared and paid, the total dividend for the financial year FY06 is 55% i.e Rs 5.50 per share," the release said.

The net profit for FY06 declined to Rs 63.98 crore from Rs 80.71 crore in FY05. Total income stood at Rs 753.3 crore as against Rs 685.45 crore in FY05.

The group posted a consolidated net profit of Rs 61.5 crore for FY06 as against Rs 74.08 crore in FY05. Total income moved up to Rs 760.02 crore from Rs 688.43 crore in 2004-05.