Divi's Labs Posts 46% Profit Surge in Q2

12 Nov 2024 , 12:01 AM

Divi’s Laboratories reported a significant rise in profit and EBITDA for Q2 FY2024. Profit for the July-September 2024 quarter stood at ₹510 crore, a 46.5% increase from ₹348 crore in the same period last year. Revenue for Q2 was ₹2,338 crore, up by 22.5% year-on-year from ₹1,909 crore.

EBITDA reached ₹716 crore for the quarter, marking a 49.5% rise compared to ₹479 crore in Q2 2023. The EBITDA margin for Q2 expanded by 500 basis points to 30.6%, compared to 25% in the prior year. For H1 FY2024, Divi’s recorded a total income of ₹4,640 crore, reflecting growth from ₹3,854 crore in the same half of the previous fiscal year.

Profit before tax for H1 FY2024 came in at ₹326 crore, as opposed to ₹961 crore in the year-ago period. Half-year PAT reached ₹940 crore, up from ₹704 crore in H1 FY2023. The company also saw a forex gain of ₹28 crore in the current half-year, doubling from ₹14 crore in the previous year’s comparable period.