Mumbai, May 22: Ajanta Pharma Ltd today reported a higher consolidated net profit of Rs 2.45 crore for the 2003-04 as against Rs 81.29 lakh in 2002-03. "The company has skipped the dividend for the year ended March 2004 as the profit amount is small," its chief financial officer a agarwal said in a release here. The consolidated total income for the reporting year rose to Rs 148.78 crore from Rs 125.14 crore in 2002-03, the release said. Exports contributed 72 per cent of total sales in 2003-04.
The company posted a net loss of Rs 1.97 crore for the quarter ended march 2004 (net profit of Rs 78.16 lakh in Q4 of 2002-03). The income in the fourth quarter was flat at Rs 32.20 crore (Rs 32.11 crore).
Bureau Report