Alkem Labs hits record high, soars 8% on strong Q3 results, dividend bounty

The board of directors of the company has declared an interim dividend of Rs 22 per equity share for the financial year 2019-20.

Shares of Alkem Laboratories surged 8 per cent to hit a new high of Rs 2,699, on the BSE, on Monday after it reported a strong 56.8 per cent year on year (YoY) growth in consolidated profit before tax (PBT) at Rs 40.46 crore for the December quarter (Q3FY20). The pharmaceuticals company had PBT of Rs 25.81 crore in the year ago quarter.

Meanwhile, the board of directors of the company declared an interim dividend of Rs 22 per equity share for the financial year 2019-20. The company has fixed Saturday, February 15, 2020 as the record date for the purpose