Alkem Laboratories declines on reporting 14% fall in Q3 consolidated net profit
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Alkem Laboratories is currently trading at Rs. 3257.05, down by 41.00 points or 1.24 % from its previous closing of Rs. 3298.05 on the BSE.
The scrip opened at Rs. 3300.00 and has touched a high and low of Rs. 3305.00 and Rs. 3194.15 respectively. So far 4147 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3720.00 on 30-Mar-2022 and a 52 week low of Rs. 2835.00 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 3346.35 and Rs. 3020.05 respectively. The current market cap of the company is Rs. 38701.99 crore.
The promoters holding in the company stood at 57.16%, while Institutions and Non-Institutions held 20.85% and 21.99% respectively.
Alkem Laboratories has reported fall of 11.03% in its net profit at Rs 388.89 crore for third quarter ended December 31, 2022 as compared to Rs 437.09 crore for the same quarter in the previous year. However, total income of the company increased by 5.05% at Rs 2,357.46 crore for the quarter under review as compared Rs 2,244.08 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 13.76% in its net profit at Rs 459.96 crore for third quarter ended December 31, 2022 as compared to Rs 533.35 crore for the same quarter in the previous year. However, total income of the company increased by 15.48% to Rs 3,086.24 crore for the quarter under review as compared to Rs 2,672.50 crore for the same quarter in the previous year.
