Divi's Labs falls 8% as Q4 profit misses Street estimates

Q4 Ebitda margins were 32.7 per cent against 35.52 per cent in year ago quarter, due to higher raw material price,a weak product mix and higher other expense.

Divi’s Laboratories shares slipped 8 per cent to Rs 1,618 in intra-day trade on the BSE on Monday after the company reported a lower-than-expected 10 per cent year-on-year (YoY) growth in net profit at Rs 289 crore in March quarter (Q4FY19). Total revenue grew 15 per cent at Rs 1,256 crore on YoY basis.

Analysts, on an average, had expected a profit of Rs 382 crore and revenue of Rs 1,326 crore for the quarter.

Q4 Ebitda (earnings before interest, tax, depreciation and amortization) margins came at 32.7 per cent against 35.52 per cent in the year-ago quarter,