HLL pays Rs. 4.66 crores dividend to Union Government


Trivandrum: The Thiruvananthapuram based HLL Lifecare Limited (HLL) has paid Rs. 466 lakhs 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 crores business from its operations. The total volume of business handled by the company has grown from Rs 1,590 crores in the last financial year to Rs 1,678 crore this year.

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

The Minister 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 crores in 2013-2014 to Rs 1,058 crores this year,” said Dr Ayyappan. “HLL has crossed Rs 1,000 crores 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.

Kerala Biz News


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