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Hyderabad-based bio pharmaceutical company Suven Life Sciences Limited has reported a 20.78% increase in net profit at Rs 8.63 crore for quarter ended March, 2013 on the back of revenue growth.
The company reported a net profit of Rs 7.15 crore in the corresponding quarter last year. Total income for the company during the three month period grew by 19.63% to Rs 75.24 crore from Rs 62.89 crore in the corresponding previous quarter.
For the full year ended March, 2013, the company's net profit more than doubled at Rs 30.83 crore from Rs 14.36 crore in the previous year helped by lower growth in expenses. Total income for the full year stood at Rs 258.92 crore, an increase of 25.63% over Rs 206.11 core in the previous year.
