Divi’s Labs Q2 Results: Profit falls 19% YoY to Rs 494 crore

Posted on November 7, 2022Comments Off on Divi’s Labs Q2 Results: Profit falls 19% YoY to Rs 494 crore

Divi’s Laboratories on Monday reported an 18.5% year-on-year (YoY) drop in its September quarter consolidated profit after tax to Rs 494 crore.
The Hyderabad-based drugmaker disappointed the Street which was estimating a profit of Rs 630 crore.
The company’s total revenue dipped 3.6% YoY to Rs 1,935 crore for the quarter ended 30th September as against a consolidated total income of Rs 2,007 crore in the corresponding quarter of the previous year.
On a standalone basis, the company’s PAT was at Rs 487 crore as against Rs 606 crore seen in the year-ago period.
During the quarter, Divi’s said it recorded forex gain of Rs 30 crore as against a loss of Rs 7 crore in Q2 of last year.
More to come…

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Comments Off on Divi’s Labs Q2 Results: Profit falls 19% YoY to Rs 494 crore