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Alkem Laboratories reports over 2-fold jump in Q1 consolidated net profit

10 Aug 2023 Evaluate

Alkem Laboratories has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 93.75% rise in its net profit at Rs 271.44 crore for the quarter under review as compared to Rs 140.10 crore for the same quarter in the previous year. Total income of the company increased by 9.66% at Rs 2,317.87 crore for Q1FY24 as compared Rs 2,113.66 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 287.81 crore for the first quarter ended June 30, 2023 as compared to Rs 131.45 crore for the same quarter in the previous year. Total income of the company increased by 15.44% at Rs 3,033.56 crore for Q1FY24 as compared Rs 2,627.79 crore for the corresponding quarter previous year.

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