Dishman Pharmaceuticals and Chemicals, a Rs 800 crore pharma company from Ahmedabad, has posted net profit growth of 28.6 per cent.

During the first quarter ended June 2008 to Rs 27.65 crore from Rs 21.49 crore in the corresponding period of last year. Its net sales went up sharply by 40.4 per cent to Rs 235.87 crore from Rs 167.95 crore. With better growth in profitability, its earning per share moved up to Rs 3.44 from Rs 2.94 in the similar period of last year.

The company's net sales for the full year ended March 2008 reached at Rs 803.08 crore and its net profit amounted to Rs 119.71 crore.