Ind Swift Laboratories Ltd (ISLL) net profit before tax rose by 72per cent from Rs.1.89 crore to Rs.3.25 crore during the third quarter of the current financial year. The net profit of the company rose by 50per cent from Rs.1.6 crore to Rs.2.4 crore.

The performance of the company during the quarter has been exceptional and the company saw its bottom line growing by 50per cent, whereas the topline grew marginally by 8per cent from Rs.41.01 crore to Rs.44.51 crore. The major attributes to the growth have been the rising exports and the sales of the value added products, stated a company release.

According to the release, the company is constantly adding new customers to its client base in the international markets. Of the 35 new customers added during the last nine months, 18 were from Latin America, Europe and Middle East. The interest cost during the quarter was down by 15per cent from 1.58 crore to 1.35 crore. The provision for taxation also increased by 200per cent from Rs.0.28 crore to Rs.0.85 crore.