Revenue from operations in the reporting period increased 9% year-on-year to Rs 1,855 crore, compared with Rs 1708 crore in the corresponding period of last year.
EBITDA for the third quarter jumped 20% year-on-year to Rs 489 crore, as against Rs 409 crore in the same quarter of last year. Meanwhile, margins improved to 26.4%.
Profit before Tax (PBT) for the quarter came in at Rs 489 crore, as against a PBT of Rs 435 crore during the corresponding quarter of last year.
Material consumption for this quarter came to be about 39% of sales revenue.
For the nine-month period ended December 2023, the company earned a PAT of 1,062 crore, down 29% year-on-year from Rs 1,502 crore in the same period of last year.The company reported a total income of Rs 5804 crore in the 9MFY24 period. Forex gain for the current 9-month accounted for Rs 32 crore as against Rs 134 crore during the previous 9-month period.
The company’s board has approved the reappointment of Sunaina Singh as an Independent Director for a second term of five years effective from March 28, 2024.
Further, the board has also approved the appointment of Devendra Rao as Additional Director designated as ‘Whole-time Director (Manufacturing), for a term of 5 years from February 10.
Total expenses during the third quarter increased 5% year-on-year to Rs 1,461 crore. The same stood at Rs 1,386 crore a year ago.
On Friday, Divis Labs shares closed 0.8% lower at Rs 3,655 on NSE.
(You can now subscribe to our ETMarkets WhatsApp channel)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price