Divi's Labs Q4 results: Net profit Rs 388.23 crore

Divi’s Labs Q4 results: Net profit Rs 388.23 crore

Divi’s Labs Q4 results: Net profit Rs 388.23 crore

Divi’s Labs Q4 results:

The leading manufacturer Pharmaceutical company Divi’s Labs announced its Q4 results with an increase of 32.96% its consolidated net profit amounted to Rs 388.23 crore for the March quarter of current fiscal year.

Meanwhile, in the last financial year of the same period, the firm Divi’s reported a net profit of Rs 291.97 crore, in the BSE Regulating filing.

At the same time, the quarter under review, the overall consolidated income of the the company reported Rs 1,466.44 crore. In addition to this, last year of the same period it reported Rs 1,307.97 crore. 

Besides, in the March of financial year, the company net profit recorded to Rs 1,376.54 crore. Whereas, in last financial year, it reported Rs 1,352.74 crore.

For the last financial, the overall revenue reported at Rs 5,584.05 crore. It also added, in the previous financial, it amounted to Rs 5,101.89 crore.

In addition, in the fiscal year of 2019-20, the firm board of members announced an interim dividend of Rs 16 per share. At the same time, they not recommended any final dividend. In the current year, the overall dividend stood at Rs 512.06 crore together with dividend tax, said Divi’s Labs.

Besides, on June 8th, the share of Divi’s Laboratories Ltd trading with the bearish trend. It trades with a loss of 96.05 points reached 2,364.00 INR with 3.90% down in NSE. Whereas in BSE, it trading with a loss of 97.45 points reached 2,363.00 INR with 3.96% down.

Stock Market June 8th Update Sensex and Nifty

Stock Market June 8th: On the first day of the week, the stock market trading with the bullish trend. The Sensex trading with a gain of 444.36 points reached 34,731.60 level with 1.30% up. Whereas, Nifty trading with a gain of 136.10 points reached 10,278.25 level with 1.34% up.

In the border market, the S&P BSE Midcap trading with a gain of 145.30 points reached 12,699.46 level with 1.16% up. Whereas, S&P BSE SmallCap trading with a gain of 256.29 points reached 12,111.46 level with 2.16% up. At the same time, Nifty bank trading with a gain of 564.75 points reached 21,599.25 level with 2.68% up.

Top Gaining Stocks: Indusind Bank, Bharat Petroleum Corp, Tata Motors, GAIL (India), and Axis Bank Ltd.

Top Losing stocks: Britannia Industries, Nestle India, Cipla, Shree Cement, and Zee Entertainment Enterprises Limited.

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