Divis Laboratories Ltd - Result Update

10 Aug 2021 00:00 IST

New Update

Quarterly Result

For the quarter ending June 2021, consolidated Net sales (including other operating income) of Divis Laboratories has increased

13.30% to Rs 1960.64 crore compared to quarter ending june 2020.

Operating profit margin has jumped from 40.46% to 43.46%, leading to 21.71% rise in operating profit to Rs 852.05 crore. Raw

material cost as a % of total sales (net of stock adjustments) increased from 29.79% to 37.18%. Purchase of finished goods

cost rose from 0.24% to 0.30%. Employee cost decreased from 11.80% to 10.47%. Other expenses fell from 13.26% to

11.65%.

Other income rose 107.56% to Rs 35.97 crore. Provision for interest rose 21.74% to Rs 0.28 crore.

Provision for depreciation rose 30.36% to Rs 73.26 crore.

Profit before tax grew 23.22% to Rs 814.48 crore. Share of profit/loss were nil in both the periods. Provision for tax was

expense of Rs 257.37 crore, compared to Rs 168.92 crore. Effective tax rate was 31.60% compared to 25.56%.

Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 13.22% to Rs 557.11

crore.

Forex gain for the current quarter amounted to Rs 20 crore as against a gain of Rs 5 crore during the corresponding quarter of

the last year