HLL pays Rs 466 lakh dividend to Union government

Records 12.35 per cent revenue growth

HLL Lifecare Limited (HLL) has paid Rs 466 lakh as dividend to Government of India for the financial year 2014-2015.

This is the fourth consecutive year that HLL has crossed Rs 1,000 crore business from its operations. The total volume of business handled by the company has grown from Rs 1,590 crore in the last financial year to Rs 1,678 crore this year.

At a function in New Delhi, Chairman and Managing Director of HLL Dr M Ayyappan handed over the dividend cheque to Union Minister for Health and Family Welfare Mr. Jagat Prakash Nadda, in the presence of Secretary Health & Family Welfare Mr. B P Sharma; Additional Secretary & Financial Advisor (MoFHW)  Ms. Vijaya Srivastava, Additional Secretary, Mr. NS Kang, ; Joint Secretary, Mr. Dharitri Panda, and HLL Directors Mr. R P Khandelwal and Dr KRS Krishnan.

Mr. Nadda commended the HLL team for its consistent growth over the years.

“This year, we have seen a significant growth of 12.35 per cent in revenues from operations; from Rs 941.68 crore in 2013-2014 to Rs 1,058 crore this year,” said Dr Ayyappan. “HLL has crossed Rs 1,000 crore last year, exclusively from our manufacturing and services businesses.”

The company also witnessed a 9.46 per cent growth in its gross operating margin and a 6.7 per cent growth in its net worth compared to the last fiscal.

HLL, with its registered and corporate office in Thiruvananthapuram, is a Mini Ratna Public Sector Enterprise, under the Union Ministry of Health & Family Welfare.

It was established in 1966 with the objective of providing quality condoms for the National Family Planning Programme. Currently, the HLL group consists of seven entities: parent company HLL Lifecare Ltd, HLL Biotech Ltd. (HBL), HLL Infra Tech Services Ltd (HITES), LifeSpring Hospitals, Goa Antibiotics and Pharmaceuticals Limited (GAPL),  Hindustan Latex Family Planning Promotion Trust (HLFPPT) and HLL Management Academy (HMA).

HLL manufactures contraceptives, hospital products, pharmaceuticals, personal hygiene products and provides diagnostic services.

 
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