Divis Labs in the limelight
By
Research Desk
about 8 years ago
Divis Laboratories is in the limelight today, following the company’s very good Q1FY17 performance. The stock price hit an intra day high of Rs.1237.60, close to its 52-week high of Rs.1241.80. Volumes are up almost two times.
The company posted a good 23% (YoY) rise in net profit at Rs.302 crore on a 25% jump in total income at Rs.1008 crore. Total costs as a percentage of total income for the quarter was down from 66% to 63% and this, along with the improved topline helped the EBITDA – up 34% at Rs.404 crore while margins rose from 37.3% to 40.1%.
Forex gain in current Q1 was at Rs.73 lakh v/s Rs.21 crore in previous Q1, which goes on to further indicate the strong performance it posted for the quarter.