Coral Laboratories, a relatively small company, maintained its performance during the year ended March 2005. Its net profit increased to Rs 1.51 crore from Rs 1.48 crore in the previous year. Its income from operation moved up to Rs 14.43 crore from Rs 13.93 crore. The implementation of VAT during the last quarter of 2004-05 put pressure on working. The earning per share moved up slightly to Rs 4.24 from Rs 4.14.
The company is now implementing expansion programme at its Daman plant with an investment of Rs 2 crore. It has launched a new export division and invested Rs 1.5 crore towards fixed assets in Mumbai.