Laurus Labs sinks post Q4FY19 results

Laurus Labs has reported a fall of 5.18 per cent in its net profit at Rs. 43.95 crore for the quarter as compared to Rs. 46.35 crore for the same quarter in the previous year.

The total income of the company increased by 12.28 per cent at Rs. 619.26 crore for Q4FY19 as compared Rs. 551.55 crore for the corresponding quarter the previous year. On a consolidated basis, the company has however reported a drop of 4.21 per cent in its net profit at Rs. 43.18 crore for the quarter as compared to Rs. 45.08 crore for Q4FY18. The total income of the company increased by 12.64 per cent at Rs. 636.78 crore for Q4FY19 as compared Rs. 565.32 crore for the corresponding quarter the previous year.

For the year ended March 31, 2019, on a consolidated basis, the company reported a fall of 44.06 per cent in its net profit at Rs. 93.76 crore as compared to Rs. 167.61 crore for the previous year. Meanwhile, the total income of the company increased by 10 per cent at Rs. 2,308.07 crore for year as compared to Rs. 2,098.20 crore for the year ended March 31, 2018.

On Friday, the shares of Laurus Labs opened at Rs. 402.50. At the closing bell, the stock was at Rs 397.85, down by 1.39 per cent. It reached an intraday high of Rs. 404 and an intraday low of Rs. 394.40 per share on the BSE. The 52-week high stood at Rs. 515 and 52-week low was at Rs 324 per share on the BSE.