Divi's Labs 9-month net profit soars 42%

Divi's Laboratories has posted a 42 per cent rise in net profit at Rs 50.92 crore for the nine months ended December 2003 as against Rs 35.74 crore registered for the corresponding period last fiscal.

Total income during the period was up 11 per cent to Rs 215.2 crore (Rs 194.3 crore). There was an increase of Rs 56.72 crore (Rs 2.3 crore decrease) in stocks that helped the company to post higher profits.

Earnings per share were higher at Rs 39.73 from Rs 30.95. For the quarter ended December, the company's net profit jumped 54 per cent to Rs 20.26 crore (Rs 13.14 crore). Total income rose by 18 per cent to Rs 85 crore from Rs 72 crore.