Sanofi India gains post Q2 earnings

Shares of Sanofi India were up nearly 3% at Rs 3,620 after the company posted nearly 12% growth in net profit at Rs 64.20 crore for the quarter ended June 30, 2015 compared to Rs 57.50 crore for the same quarter last fiscal.

Net sales for the April-June quarter grew nearly 6% at Rs 514 crore compared with Rs 487 crore in the same quarter ended June 30,2014.

The board has announced an interim dividend of Rs 18 for the financial year  ending December 31, 2015 which will be paid on August 12, 2015, the company said in a release.

Further, the board has also approved sale of its commercial property located at Andheri for a consideration of Rs 111 crore.

The stock opened at Rs 3,551 and touched a high of Rs 3,655. At 1:40PM, over 35,000 shares were traded on both the stock exchanges.

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