Divis Laboratories to Announce Q3 2024 Earnings on February 10, 2024

What Happened?

News: Big medicine company Divis Laboratories just shared its money report for the third part of 2024. Here’s a simple look at what’s important:

1. More Money Made

• Total profit for the last three months of 2023 went up by 17%, hitting Rs 358 crore. That’s a good sign that the company did well during this time¹.

2. Sales Went Up

• The amount of money from selling stuff went up by 9% compared to the same time last year. It’s now Rs 1,855 crore, up from Rs 1,708 crore¹.

3. Better Earnings and Margins

• The money they earned before paying for interest, taxes, and other stuff (EBITDA) went up by 20% to Rs 489 crore. And the profit margins also improved, reaching 26.4%¹.

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4. Profit Before Taxes

• The profit before taxes for the quarter was Rs 489 crore, compared to Rs 435 crore last year¹.

5. What They Spent on Materials

• About 39% of the money they earned went into buying materials¹.

6. Nine-Month Review

• From April to December 2023, Divis Laboratories made a Profit After Taxes (PAT) of Rs 1,062 crore. That’s 29% less compared to the previous year, which was Rs 1,502 crore. Their total income for this time was Rs 5,804 crore¹.

7. Changes in the Board

• The company’s board decided to keep Sunaina Singh as an Independent Director for another five years, starting from March 28, 2024.
• Also, they agreed to have Devendra Rao join as an Additional Director, titled ‘Whole-time Director (Manufacturing)’, for 5 years from February 10¹.

8. How the Stocks Did

• On Friday, Divis Labs shares ended 0.8% lower at Rs 3,655 on the NSE¹.

Divis Laboratories is still doing well and growing. It’s staying strong in the medicine business. Investors and others should keep an eye on how they do in the next few months.

Frequently Asked Questions

Q: When will Divis Laboratories let us know about its earnings for Q3 2024?

A: Divis Laboratories plans to reveal its Q3 2024 earnings on February 10, 2024.

Q: What topics will come up in Divis Laboratories’ board meeting?

A: During Divis Laboratories’ board meeting, they’ll talk about important things like how well they’re doing financially, where they’re investing their money, how they’re managing risks, making sure everything’s fair and square, and any big plans they have.

Q: How’s Divis Laboratories doing in the market?

A: Divis Laboratories’ share price dipped a bit on February 9, 2024. But overall, they’re holding up well despite ups and downs, and they’re still in a good spot financially and in the market.