Published on 13/08/2019 5:29:11 PM | Source: Dion Global Solutions Ltd

Dr. Lal Pathlabs Ltd Q1 net profit up 15.06% at Rs 57.30 cr

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The company reported standalone net profit of Rs 57.30 crore for the quarter ended June 30, 2019 as compared to Rs 49.80 crore in the same period last year, registering a year-on-year growth of 15.06 per cent. Net revenue of the company rose moderately by 14.70 per cent at Rs 324.50 crore in April-June quarter of this fiscal as against Rs 282.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 10.55 per cent to Rs 232.60 crore from Rs 210.40 crore in year ago period.

Other Income grew by 29.36 per cent at Rs 14.10 crore versus (Jun'18 Rs 10.90 crore). Operating Profit surged by 26.76 per cent to Rs 91.90 crore as against Rs 72.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.50 per cent in June quarter. Interest grew by 1750.00 per cent y-o-y to Rs 3.70 crore, while Taxation increased by 17.60 per cent at Rs 29.40 crore (Jun'18 Rs 25.00 crore).