Drug firm Sanofi India has reported a 16.44 per cent increase in its net profit at Rs 51.7 crore for the first quarter ended March 31, 2014.
The company had posted a net profit of Rs 44.4 crore during the same period last year.
Net sales of the company went up by 15.7 per cent to Rs 419.9 crore during the quarter under review as against Rs 362.9 crore during the same period a year ago, Sanofi India said in a BSE filing.
Overall expenses stood at Rs 387.9 crore in the quarter as against Rs 338.4 crore in the corresponding period of the previous year.
Shares of Sanofi India today closed at Rs 2,970 apiece, down 1.52 per cent from the previous close on the BSE.
