Zydus Cadila Q1 net surges 47%

Zydus Cadila on Wednesday reported an increase of 47 per cent in net profit and 22 per cent in income in the first quarter of 2015-16, ended June 30, compared with the same period last fiscal. While the total operating income was Rs.2,500 crore (Rs.2,050 crore), on a consolidated basis, the net profit was Rs.353 crore (Rs.240 crore), the company said here. The company’s formulations business in the US grew by 37 per cent. The company’s board has approved the proposal to sub-divide existing equity shares of face value Rs.5 each into five equity shares of face value Rs.1 each, subject to requisite approvals.