Divi’s Labs gets bitter

Divi’s Labs is among the top five gainers on the BSE today, falling over 9% to hit an intraday low at Rs.3407.40 and remains in the red.

The company posted a disappointing show for Q2FY23, with consolidated net profit at Rs.494 crore, down 18.5% (YoY) on a 4% drop in total revenue at Rs.1935 crore. This was despite a forex gain of Rs.30 crore.

EBITDA came in 24% lower at Rs.818 crore while margins fell from 41.2% to 33.5%.