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Published on 7/08/2020 5:40:26 PM | Source: Dion Global Solutions Ltd

Alkem Laboratories Ltd Q1 net profit zooms 102.34% at Rs 426.16 cr

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The company reported standalone net profit of Rs 426.16 crore for the quarter ended June 30, 2020 as compared to Rs 210.62 crore in the same period last year, registering a year-on-year growth of 102.34 per cent. Net revenue of the company rose marginally by 3.49 per cent at Rs 1,550.85 crore in April-June quarter of this fiscal as against Rs 1,498.51 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 15.33 per cent to Rs 1,044.28 crore from Rs 1,233.39 crore in year ago period. Other Income grew by 155.11 per cent at Rs 32.45 crore versus (Jun'19 Rs 12.72 crore).

Operating Profit surged by 91.07 per cent to Rs 506.57 crore as against Rs 265.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 84.62 per cent in June quarter. Interest grew by 31.58 per cent y-o-y to Rs 12.04 crore, while Taxation increased by 195.26 per cent at Rs 52.97 crore (Jun'19 Rs 17.94 crore).