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Divi's Laboratories reports 29% fall in Q2 consolidated net profit

06 Nov 2023 Evaluate

Divi's Laboratories has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 29.77% fall in its net profit at Rs 342 crore for Q2FY24 as compared to Rs 487 crore for the same quarter in the previous year. However, total income of the company increased by 2.68% at Rs 1953 crore for Q2FY24 as compared Rs 1902 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 29.41% fall in its net profit at Rs 348 crore for the quarter under review as compared to Rs 493 crore for the same quarter in the previous year. However, total income of the company increased by 3.10% at Rs 1995 crore for Q2FY24 as compared Rs 1935 crore for the corresponding quarter previous year.

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