Hot Pursuit     20-May-23
Divis Lab Q4 PAT drops 64% YoY; declares dividend of Rs 30/share
The pharmaceutical company's net profit slumped 63.9% to Rs 318.79 crore on 23.52% decline in revenue from operations to Rs 1,908.17 crore in Q4 FY23 over Q4 FY22.
Profit before tax dropped 56.08% to Rs 468.04 crore in Q4 FY23 as compred with Rs 1,065.69 crore in Q4 FY22.

Total income slipped 22.44% to Rs 1,974.32 crore in Q4 FY23 as compared with Rs 2,545.54 crore in corresponding quarter last year.

Total expense increased by 1.79% year on year to Rs 1,506.28 crore in Q4 FY23, Employee benefit expenses was at Rs 251.94 crore (up 0.18% YoY) while cost of material consumed stood at Rs 792.65 crore (down 14.62% YoY) during the period under review.

The company recorded forex loss of Rs 3 crore in Q4 FY23 as compared with forex gains of Rs 29 crore posted in corresponding quarter last year.

On full year basis, the company's net profit declined 38.68% to Rs 1808.15 crore on 14.13% fall in revenue to Rs 7,625.30 crore in FY23 over FY22.

Meanwhile, the board has recommended a dividend of Rs 30 per equity share for FY23.

Divis Laboratories is engaged in the manufacture of active pharmaceutical ingredients, intermediates and nutraceutical ingredients.

The scrip declined 1.86% to settle at Rs 3,097.75 on Friday, 19 May 2023.

Previous News
  Divis Laboratories
 ( Results - Analysis 03-Feb-25   20:32 )
  Divis Laboratories
 ( Results - Analysis 27-May-24   11:59 )
  Divis Laboratories Ltd spurts 0.38%, gains for fifth straight session
 ( Hot Pursuit - 06-Feb-25   13:00 )
  CARE Ratings reaffirms ratings of Divi's Labs with 'stable' outlook
 ( Hot Pursuit - 16-Sep-24   12:01 )
  Divi's Laboratories plans capacity addition with investment of up to Rs 700 cr
 ( Corporate News - 25-Apr-24   11:26 )
  Divis Laboratories declare Quarterly Result
 ( Corporate News - 15-May-24   17:08 )
  Divi's Laboratories consolidated net profit rises 91.71% in the December 2021 quarter
 ( Results - Announcements 11-Feb-22   12:28 )
  Divis Laboratories
 ( Results - Analysis 14-Aug-23   18:16 )
  Divis Laboratories Ltd gains for fifth session
 ( Hot Pursuit - 24-May-24   13:00 )
  Divis Laboratories to declare Quarterly Result
 ( Corporate News - 27-Oct-23   17:01 )
  Volumes soar at Exide Industries Ltd counter
 ( Hot Pursuit - 06-Jan-23   11:00 )
Other Stories
  Swan Energy Q3 PAT soars 406% YoY to Rs 583 cr
  15-Feb-25   12:45
  Genesys Intl Q3 PAT climbs 32% YoY to Rs 21 cr
  15-Feb-25   12:15
  PTC Industries Q3 PAT spurts 76% YoY to Rs 14 cr
  15-Feb-25   11:34
  RVNL Q3 PAT slides 13% YoY to Rs 311 crore
  15-Feb-25   10:47
  BHEL bags Rs 6,700 crore power project from Singareni Collieries
  15-Feb-25   09:48
  Mahindra & Mahindra's electric SUVs see 30,179 bookings on day 1
  15-Feb-25   09:32
  Reliance Industries acquires Lakadia B Power Transmission
  15-Feb-25   09:21
  Ethos rises after Q3 PAT climbs 15% YoY to Rs 29 cr
  14-Feb-25   15:12
  Anupam Rasayan rises after Q3 PAT zooms 108% YoY to Rs 54 cr
  14-Feb-25   15:03
  FACT tumbles after PAT falls nearly 74% in Q3 FY25 to Rs 8 crore
  14-Feb-25   15:02
Back Top