Divis Laboratories hits a 52-week high

Divis-Laboratories

Divis Laboratories touched a 52-week high of Rs 4,284.05, rising 4 percent on May 31 after the company reported a healthy double-digit growth in earnings as its consolidated profit increased to Rs 502.02 crore in Q4FY21 from Rs 388.23 crore in the corresponding quarter of the last fiscal.

At the operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 61.2 percent to Rs 716.26 crore and margin improved 807 bps to 40.05 percent compared to the year-ago period, the leading APl manufacturer said on May 29 while sharing the March quarter numbers.

News Source:- Moneycontrol

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