Dishman Pharmaceuticals and Chemicals today reported 37.35 per cent rise in consolidated net profit at Rs 31.29 crore for the quarter ended March 31, 2012. The company had posted net profit of Rs 22.78 crore for the quarter ended March 31, 2011.

Net sales of the company stood at Rs 350.18 crore for the quarter ended March 31, 2012, as against Rs 344.40 crore for the corresponding quarter in the previous fiscal.

Consolidated net profit of the company for the year ended March 31, 2012, however, declined to Rs 56.76 crore, as against Rs 79.97 crore for the year ago period.

Dishman Pharmaceuticals shares closed at Rs 43.30 on the NSE, up 1.88 per cent over its previous close.