Elder Pharma Board Recommends 30% Dividend For 2009-10

The Rs 720 crore, Mumbai headquartered Elder Pharmaceuticals Ltd, one of the fas
test growing Domestic Pharmaceutical Companies has recommended a dividend of 30%
for the year 2009-10.
Mumbai, India, August 20, 2010 -- The Rs 720 crore, Mumbai headquartered Elder P
harmaceuticals Ltd, ( http://www.elderindia.com ) one of the fastest growing Dom
estic Pharmaceutical Companies has recommended a dividend of 30% for the year 20
09-10 (ending 31st March 2010) and finalized the audited results at a board meet
ing held on August 18, 2010. During the financial year ended March 2010, the con
solidated Income from Operations stood at Rs. 720.87 Crore (previous year 2008-0
9 - Rs. 619.72 Crore), registering a growth of 16%. Consolidated Net Profit for
the period stood at Rs. 49.82 Crore. The EPS for FY2010 stood to Re 26.42.
For the first quarter ended June 2010 (Q1 FY2011), the consolidated Income from
Operations increased by 19% and stood at Rs 194.30 Crore as compared to Rs. 162.
90 Crore during the corresponding quarter in the previous year. The consolidated
operating profit (PBIDT) too has gone up to Rs 37.77 Crore for Q1 FY2011 reflec
ting a growth of 40% over the previous corresponding quarterâ s figure of Rs 26.97 Cr
ore. The consolidated Net Profit too has gone up to Rs 16.68 Crore (previous yea
râ s quarter - Rs 11.48 Crore) - a jump of 45%.
Elder Pharmaceuticals ( http://www.elderindia.com ) has presence in niche therap
eutic segments like Womenâ s Healthcare, Wound care and Pain Management, Nutraceutica
ls, Anti-Infective and Lifestyle Disease Care. It is the market leaders in calci
um supplement (Shelcal), wound healing (Chymoral) and injectible vitamin B12 (El
dervit). The company has a judicious mix of drug formulations, in-licensed manuf
acturing and APIs. It has 6 manufacturing plants in India located in Maharashtra
, Uttarakhand & Himachal Pradesh. The company has a state-of-the-art Research &
Development Centre at Navi Mumbai which is recognized by the Department of Scien
tific & Industrial Research, Ministry of Science & Technology. (http://www.elder
india.com).
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