Divi’s Labs This fall web revenue jumps 29% at Rs 502 crore on sturdy gross sales

Divi’s Labs This fall web revenue jumps 29% at Rs 502 crore on sturdy gross sales

Drug agency Divi’s Laboratories on Saturday reported a 29.30 % rise in its consolidated web revenue to Rs 502.02 crore for the quarter ended March 31, 2021, on account of sturdy gross sales.

The corporate had posted a web revenue of Rs 388.23 crore for the corresponding interval of the earlier fiscal, Divi’s Laboratories mentioned in a regulatory submitting.

Consolidated whole revenue of the corporate stood at Rs 1,811.71 crore for the quarter into consideration. It was Rs 1,466.44 crore for a similar interval a yr in the past, it added.

For the fiscal yr ended March this yr, the corporate posted a web revenue of Rs 1,984.29 crore as in opposition to Rs 1,376.54 crore for the earlier fiscal yr, the submitting mentioned.

The corporate’s whole revenue for the monetary yr ended March 2021 stood at Rs 7,031.96 crore. It was Rs 5,584.05 crore for the yr in the past fiscal yr, it added.

The Board of Administrators of the corporate has proposed a dividend of Rs 20 per share of face worth Rs 2 every for the monetary yr 2020-21, Divi’s Laboratories mentioned.

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

Expensive Reader,

Enterprise Customary has at all times strived arduous to offer up-to-date info and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on learn how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial impression of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your help by means of extra subscriptions will help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Customary.

Digital Editor