Divi's Labs Q1 net up 23% at Rs 301 crore

Total income from operations at Rs 1,008 crore, up 25%; expenditure during this period grew by 18.4%

Divi's Laboratories Limited has reported a 23 percent increase in net profit at Rs 301.81 crore for the quarter ended June, 2016 as compared with Rs 245.18 crore in the corresponding quarter previous year. The net profit growth has largely come from the revenue growth.

Total income from operations for the period under review stood at Rs 1,008.08 crore, an increase of 24.65 percent over Rs 808.76 crore in the year ago period. Total expenditure during this period grew by 18.4 percent.

The other income fell sharply at Rs 16.31 crore in this quarter from Rs 34.17 crore in the corresponding quarter previous year in the absence of foreign exchange gain. There was a Rs 21 crore forex gain in the corresponding previous quarter.