Dr. Lal PathLabs

Dr. Lal PathLabs Q1 Results; Net Profit Dropped 52%

Dr. Lal PathLabs Q1 Results; Net Profit Dropped 52%:

To begin with, Dr. Lal PathLabs Ltd. announced, its net profit of Rs. 28.40 Cr with a 51.94% loss on July 31st. While the company also posted its consolidated net profit of Rs. 59.10 Cr in the same quarter last year.

Besides, the company’s total revenue stood at Rs. 266 Cr in this quarter ended on 30th June. The company also posted its revenue of Rs. 335.20 Cr in the same quarter last year.

Dr. Lal PathLabs Limited shares traded with a loss of 3.05 points reached 1,878.00 INR with 0.16% down. Its previous close at 1,881.05 INR. The company shares traded on the National Stock Exchange.

Stock Market Update: 

Stock Market July 31st: On Friday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 37,606.89 levels and Nifty stood traded loss with 11,073.45 levels. The Sensex declined 129.18 points with a 0.34% loss. Besides, Nifty has declined 28.70 points with a 0.26% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 16,97,054 as of August 1st, and deaths reached 36,551.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market on 31st July. It raised 49.39 points with a 0.36% gain and reached a 13,759.11 level. The S&P BSE Smallcap index raised 105.49 points with a 0.82% gain and reached a 13,021.76 level. However, the Nifty Bank declined 6.80 points with a 0.031% loss and reached a 21,640.05 level.

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