Divi’s Laboratories saw a significant rise in its share price, gaining 5% in morning trades on Monday following the announcement of its Q4 results over the weekend.
The company’s consolidated net profit showed a 68% year-on-year increase, reaching Rs 538 crore compared to Rs 321 crore in the same quarter last year. This result surpassed Zee Business research desk’s estimate of Rs 427 crore.
Divi’s Laboratories reported revenue of Rs 2,303 crore, beating the estimated Rs 2,058 crore. This marks an 18% year-on-year increase from Rs 1,951 crore in the previous year. Additionally, the company’s EBITDA saw a substantial 50% year-on-year growth, reaching Rs 731 crore, up from Rs 487 crore in the same period last fiscal year.
As of 10:10 am, the shares were trading 4.50% higher at ₹4,307.75 on the NSE.
