Net sales of the company rose to Rs. 722.59 crore for the fourth quarter as against Rs. 630.12 crore for the same period a year ago, Biocon Ltd said in a statement.
For the year ended March 31, 2014, the company's net profit declined by 18.69 per cent to Rs. 413.72 crore from Rs. 508.82 crore in the 2012-13 fiscal.
The company's net sales for the just-concluded fiscal rose to Rs.2,852.72 crore, as against Rs. 2,427.60 crore in theprevious year.
In a separate statement, the Bangalore-based firm said it has appointed Arun Chandavarkar as the chief executive officer and joint managing director.
The company's board also recommended a final dividend of Rs. 5 per share (100 per cent) for the FY 2013-14.