Divi's Laboratories surges on reporting 68% rise in Q4 consolidated net profit

27 May 2024 Evaluate

Divi's Laboratories is currently trading at Rs. 4279.60, up by 156.85 points or 3.80% from its previous closing of Rs. 4122.75 on the BSE.

The scrip opened at Rs. 4272.35 and has touched a high and low of Rs. 4356.85 and Rs. 4213.90 respectively. So far 71663 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4,356.85 on 27-May-2024 and a 52 week low of Rs. 3300.00 on 06-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4356.85 and Rs. 3870.00 respectively. The current market cap of the company is Rs. 113659.05 crore.

The promoters holding in the company stood at 51.92%, while Institutions and Non-Institutions held 36.89% and 11.19% respectively.

Divi's Laboratories has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 66.46% rise in its net profit at Rs 531 crore for the quarter under review as compared to Rs 319 crore for the same quarter in the previous year. Total income of the company increased by 18.44% at Rs 2,338 crore for Q4FY24 as compared Rs 1,974 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 67.60% rise in its net profit at Rs  538 crore for fourth quarter ended March 31, 2024 as compared to Rs 321 crore for the same quarter in the previous year. Total income of the company increased by 18.10% at Rs 2,382 crore for Q4FY24 as compared Rs 2,017 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 12.83% fall in its net profit at Rs 1,576 crore as compared to Rs 1,808 crore for the previous year. However, total income of the company increased by 0.35% at Rs 8,002 crore for year under review as compared to Rs 7,974 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 12.28% fall in its net profit at Rs 1,600 crore as compared to Rs 1,824 crore for the previous year. However, total income of the company increased by 0.89% at Rs 8,184 crore for year under review as compared to Rs 8,112 crore for year ended March 31, 2023.

Divis Lab Share Price

4586.75 -6.25 (-0.14%)
14-Jun-2024 16:01 View Price Chart
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