HomeBUSINESSDivi's Labs Q1 results: Net profit rises 26% to ₹702 crore

Divi’s Labs Q1 results: Net profit rises 26% to ₹702 crore


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).

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.

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