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MUMBAI: Sun Pharmaceuticals Industries Ltd has clocked a net profit of Rs 70.4 crore for the quarter ended December 31, 2003, compared with Rs 55.8 crore in the corresponding period of the previous year. Total income increased to Rs 281 crore from Rs 221 crore previously.

Meanwhile, the company told BSE that its board of directors had accepted the resignation of Mr Narendra N. Borkar, Director of the company, with effect from January 15.

The board also appointed Mr Ashwin Dani as an additional independent non-executive director of the company with immediate effect.

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