InvestorQ : What explains the smart results announced by Divi Labs for Jun-20 quarter?
manisha Kolvenkar made post

What explains the smart results announced by Divi Labs for Jun-20 quarter?

Answer
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Mahima Roy answered.
1 month ago


Hyderabad based pharma company, Divi's Laboratories, reported 80.61% rise in its net profit at Rs.492 crore for the Jun-20 quarter. This was largely on the back of robust sales, even in the midst of the pandemic. Total income for the Jun-20 quarter was 47% higher at Rs.1748 crore.

What is interesting is that Divi managed to continue near normal operations during the quarter despite the restrictions and disruptions caused by COVID-19 pandemic. With a strong focus on APIs, the company did not have much of a disruption as the global demand remained robust in the midst of finding a solution for the pandemic.