Laurus Labs PAT dips in Q1

Laurus Labs PAT dips in Q1

Agency News

Hyderabad, Aug 2 : Laurus Labs Limited, a city-based drug maker, on Friday reported its Profit After Tax (PAT) for the quarter ended June 30, 2019 in the current financial year 2019-20, at INR 151 mn as against INR 166 mn achieved during the first quarter in the last fiscal 2018-19.

The Company’s net revenues from operations went up by 2.2 per cent to Rs 5,506 million during the first quarter of this fiscal as against INR 5,390 mn in the corresponding quarter in the last financial year 2018-19, the pharmaceutical company said in a statement here.

Company CEO Dr Satyanarayana Chava claimed that the company started the financial year by achieving a major milestone as we executed a major order worth INR 798 mn in our Formulations business for LMIC ( Low & Middle. Income Countries).