Quote On Divis Laboratories 3QFY21 By Yash Gupta, Angel Broking

8/02/2021 12:50:00 PM | Source: Angel Broking Ltd

Quote On Divis Laboratories 3QFY21 By Yash Gupta, Angel Broking

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Below are Quote On Divis Laboratories 3QFY21 By Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd

Divis labs reported numbers inline expectation, Divis Laboratories Limited reported revenue from operations for Q3FY21 at ₹1701 crores up by 22% YoY from ₹1396 crores in Q3FY20. Profit before tax for the quarter up by 31.8% at ₹642 crores in Q3FY21 as compared to ₹487 crores in Q3FY20. Profit after tax for the quarter at ₹470 crores in Q3FY21 as compared to ₹359 crores up by 31% in Q3FY20.

Divis labs reported the numbers in line with expectations, the company has shown a steady growth in top line as well as on bottom line. Company margins are better than the expectations.

We have a Neutral outlook towards Divis Labs.

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Quote On Divis Laboratories 3QFY21 By Yash Gupta, Angel Broking

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