IANS | 12 Feb, 2024
Pharma major Divi's Laboratories on Saturday reported a 17 per cent
increase in its consolidated net profit to Rs 358 crore for the
October-December quarter of the current financial year compared to the
corresponding figure of Rs 306 crore in the same period of the previous
year.
The company’s total revenue for the third quarter was 8.6 per
cent higher at Rs 1,855 crore compared to the same period last year.
The
pharma firm’s earnings before interest, taxes, depreciation and
amortization (EBITDA) worked out to Rs 479 crore, which was 19.6 per
cent higher than Rs 409 crore reported for the same period of the
previous year. The EBITDA margin also rose to 26.4 per cent from 24 per
cent year-on-year.
The company's board has approved the
appointment of Devendra Rao as Additional Director designated as
'Whole-time Director (Manufacturing)', for a term of 5 years from
February 10.
Shares of Divi's Laboratories had closed 0.9 per cent higher at Rs 3,651 apiece on the BSE on Friday.
