Zydus Cadila Q1 jumps 47%; announces 5-for-1 stock split

12 August 2015

India-based pharma company Zydus Cadila on Wednesday reported a 47% jump in first-quarter profit and announced a five-for-one stock split for its shares.

The company posted net profit of 3.53 billion rupees ($54.4 million) up from 2.40 billion rupees a year ago. Total operating income rose 22% to 25 billion rupees.

The company has also approved a five-for-one stock split of its shares.

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