Bilcare Ltd (formerly known as Bi Limited) has reported a 55% increase in profit after tax at Rs 460 lakh (Rs 46 million) for the half year as against Rs 296 lakh (Rs 29.6 million) for the same period in 2002-2003.
The company has posted a half yearly turnover of Rs 48.23 crore (Rs 482.3 million) as against Rs. 39.46 crore (Rs. 394.6 million) for the same period last fiscal, according to a release issued by the company on Wednesday.
The directors have approved and proposed to issue bonus shares in the ratio of two equity shares for every one equity share held, subject to required approvals, the release said.
In FY03, the company achieved a turnover of Rs 85.40 crore (Rs 854 million), an increase of 28% over the previous year, while its exports surged 278% to Rs 7.61 crore (Rs 76.1 million), it said.
Mohan Bhandari, MD, Bilcare, said, "We bagged the OPPI best vendor award for the second consecutive year in 2003. The company now plans to further align its resources to take up global opportunities in a focused manner."
Bilcare is a research-based organisation providing packaging solutions to the pharmaceutical and healthcare sectors.
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