The pharma major's consolidated net profit jumped 26.01% to Rs 702.01 crore on 14.99% rise in revenue from operations to Rs 2,254.52 crore in Q1 FY23 over Q1 FY22.
Total income grew 17.34% to Rs 2,342.91 crore in the quarter ended 30 June 2022 from Rs 1,996.61 crore recorded in the same period a year ago.
Consolidated profit before tax stood at Rs 851.30 crore in the first quarter, up 4.52% as against Rs 814.48 crore posted in Q1 FY22.
Total expenses surged 26.18% year on year to Rs 1,491.61 crore in Q1 FY23. Cost of materials consumed was at Rs 778.55 crore (down 0.73% YoY) and employee expenses stood at Rs 246.38 crore (up 11.59% YoY).
On a standalone basis, the company net profit surged 25.3% to Rs 691.61 crore on 15.52% increase in total revenue to Rs 2,293.91 crore in Q1 FY23 over Q1 FY22.
Divis Laboratories is engaged in the manufacture of active pharmaceutical ingredients, intermediates and nutraceutical ingredients.
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Shares of Divis Laboratories slipped 3.87% to Rs 3,795 on the BSE.
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