Vadodara-based drug firm Alembic Pharmaceuticals today reported 14.74 per cent increase in net profit at Rs 70.33 crore for the quarter ended March 31, 2015.
The company had reported a net profit of Rs 61.29 crore in the corresponding period a year ago.
Alembic Pharmaceuticals' net sales during the reported quarter rose 8.30 per cent to Rs 501.83 crore as against Rs 463.33 crore in the same quarter of previous fiscal.
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Net sales grew by 10.31 per cent in financial year 2014-15 at Rs 2,052.68 crore as against Rs 1,860.7 crore in the previous fiscal.
Meanwhile, in a separate filing, the company's Board said it has recommended a dividend of Rs 3.50 per equity share.
Alembic Pharmaceuticals shares closed 3.02 per cent down at Rs 34.25 apiece on the BSE.