Aurobindo Pharma Surges 6 Per cent on Bonus Issue

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Shares of Aurobindo Pharma surged more than 6 per cent on Friday after the company recommended for issue of one bonus equity share for every one equity share held as on a Record Date to be determined.

The company reported a consolidated net profit of Rs 403.80 crore for the quarter ended March 31, 2015. The company had posted a net profit of Rs 501.81 crore during the corresponding period of previous fiscal.

Aurobindo Pharma Surges 6 Per cent on Bonus Issue
Aurobindo Pharma: Quotes, News
BSE 730.75BSE Quote5.8 (0.79%)
NSE 731.25NSE Quote7.05 (0.96%)

The company approved third interim dividend of 100% (Re.1 per equity share of Re. 1/- each) on the equity share capital of the Company for the year 2014-15.

The company's net sales rose to Rs 3,142.46 crore for the fourth quarter against Rs 2,305.88 crore during the corresponding period of previous year, the pharma company said in a filing to the BSE.

For the year ended March 2015, net sales stood at Rs 12,043 crore, against Rs 8,038 crore in the previous year.

Shares of the Pharma company was seen trading at Rs 1,386 higher by 6.28per cent on BSE at 2.00 PM IST. It touched an intra-day low of Rs 1,395 during the trade.

Read more about: aurobindo pharma, bonus, equity, dividend
Story first published: Friday, May 29, 2015, 14:09 [IST]
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