Top Loser Today: Divi’s Lab stock dips over 7% after weak Q2 results, hits 52-week low

Divis lab share price: Divi’s Laboratory Limited stock plummeted after the pharmaceuticals company declared weak Q2 results on Monday. Divi’s Lab shares on Monday dipped more than 7 per cent on both the indices making it the day’s top loser during the afternoon trade.

The stock was at its 52-week low at Rs 3488.80 per share. On both the indices between 12:52 pm to 12:55 pm from around Rs 3,600 apiece and to Rs 3,400 apiece.

As of 1:55 pm, the stock fell by more than 7 per cent. On NSE, the stock was trading in red and quoted at Rs 3,475.15 apiece which was down by 7.24 per cent and on BSE, the stock was trading at Rs 3,475.90 per share which was down by 7.19 per cent.

Divi’s Laboratory Q2 Results   

Indian multinational Pharmaceuticals company and producer of active pharmaceutical ingredients Divi’s Laboratory declared its quarterly Consolidated Results for the month ending September on Monday. 

Divi's Laboratory recorded a consolidated total income of Rs 1935 crores for quarter ended 30th September, 2022 as against a consolidated total income of Rs 2007 crores in the corresponding quarter of the previous year. 

Profit before tax (PBT) for the quarter stood at Rs 615 crores as against a PBT of Rs 760 crores for the corresponding quarter of the last year. 

Profit after tax (PAT) for the quarter amounted to Rs 494 crores as against a PAT of 606 crores for the corresponding quarter of the last year. 

Divi's Laboratory said that for the current quarter it has a forex gain of Rs 31 crores as against a loss of Rs 7 crores during the corresponding quarter of last year. 

The company has a Market cap of Rs 92,091.05 crores and a turnover of Rs 17.38 crores.

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