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Business News/ Companies / Company Results/  Divi's Labs Q1 results: Net profit rises 26% to 702 crore
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Divi's Labs Q1 results: Net profit rises 26% to ₹702 crore

Divis Laboratories revenue from operations rose about 15% to ₹2,254 crore from ₹1,960.6 crore YoY

Divi's Laboratories reports Q1 resultsPremium
Divi's Laboratories reports Q1 results

Pharmaceuticals company Divis Laboratories on Friday reported a 26% rise in its consolidated net profit at 702 crore as compared to 557 crore in the same quarter last year. Meanwhile, its revenue from operations rose about 15% to 2,254 crore from 1,960.6 crore year-on-year (YoY).

Profit before tax (PBT) came in at 851 crore, up 4.5% over 814 crore in the year-ago quarter. Divi's Labs forex gain in Q1 FY23 rose to 56 crore as against the gain of 20 crore in Q1 FY22. It witnessed a rise in tax expense at 149 crore from 257 crore (YoY).

Shares of Divis Labs were trading about 3% lower on the BSE at 3,820 apiece on the BSE in Friday's afternoon deals. The pharma stock is down about 18% in 2022 (YTD) so far.

Divi's Laboratories Ltd is an of Active Pharmaceutical Ingredients (APIs) and Intermediates manufacture and is engaged in manufacture of leading generic compounds Nutraceutical ingredients and custom synthesis of APIs and intermediates for global innovator companies.

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Updated: 12 Aug 2022, 01:01 PM IST
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