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Divis Labs net profit up 13 percent at Rs 557 crore in Q1
New Delhi: Drug maker Divi's Laboratories on Saturday posted a 13 percent increase in its consolidated net profit at Rs 557 crore for the first quarter ended June 30, 2021.
The company had reported a net profit of Rs 492 crore in the April-June quarter of the previous fiscal.
Total income rose to Rs 1,997 crore in the first quarter as compared with Rs 1,748 crore in the June quarter of 2020-21 fiscal, Divi's Laboratories said in a regulatory filing.
Read also: Sun Pharma reports consolidated net profit of Rs 1,444 crore in Q1
Forex gain for the current quarter stood at Rs 20 crore as against a gain of Rs 5 crore during the corresponding quarter of the last year, it added.
Read also: Piramal net profit up 8 percent to Rs 534 crore in Q1
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751