Umang Dairies Ltd (BSE:500231) is looking for acquisitions. The company stated that it will soon launch the product in other parts of the country. Te company added that it plans to expand capacities and is looking to acquire dairy companies with similar product portfolio.

Umang Dairies Ltd. reported audited financial results for the fourth quarter and full year ended Mar. 31, 2013. For the quarter, the company reported profit from operations before other income and finance costs of INR 59 million against INR 55.4 million for the same period of last year. Profit from ordinary activities before tax was INR 59 million against INR 56 million for the same period of last year. Net profit for the period was INR 19.96 million or INR 0.91 per diluted share against INR 56.24 million or INR 2.56 per diluted share for the same period of last year. Net sales from operations was INR 546 million against INR 430 million for the same period of last year. For the year, the company reported profit from operations before other income and finance costs of INR 158 million against INR 139 million for the same period of last year. Profit from ordinary activities before tax was INR 162 million against INR 138 million for the same period of last year. Net profit for the period was INR 122.985 million or INR 5.59 per diluted share against INR 138.302 million or INR 6.29 per diluted share for the same period of last year. Net sales from operations was INR 1,553 million against INR 1,332 million for the same period of last year.

Umang Dairies Ltd. has informed that the Board of Directors of the company at its meeting held on May 4, 2013, has recommended dividend for the financial year ended March 31, 2013, at INR 0.75 per share (15%) on 22,003,200 equity shares of INR 5 each of the company. The said dividend will be paid/dispatched between August 23, to September 02, 2013.