Divi's Laboratories Q2 Results: PAT jumps 46% YoY to Rs 510 crore on forex gain

Divi's Laboratories on Saturday reported that its September quarter consolidated profit after tax rose 46.5% year-on-year (YoY) to Rs 510 crore for the quarter ended September 2024 on forex gains of Rs 29 crore.

The company's revenue rose 22.5% YoY to Rs 2,338 crore in Q2 vs Rs 1,909 crore in the corresponding quarter of the previous financial year.

Profit before tax (PBT) for the quarter amounted to Rs 722 crore as against a PBT of Rs 469 crore for the corresponding quarter of the previous year.

“For the current quarter, we have forex gain of Rs 29 crore as against a gain of Rs 1 crore during the corresponding quarter of the previous year," Divi's said.

Margins improved to 30.6% vs 25.1% during the quarter.

For the first half of FY25, the company earned a consolidated total income of Rs 4,640 crore as against Rs 3,854 crore during the corresponding half-year of the previous year.

PAT for the current half-year came in at Rs 940 crore as against Rs 704 crore for the corresponding half-year of the previous year. For the current half-year, we had a forex gain of Rs 28 crore against a gain of Rs 14 crore for the corresponding half-year of the previous year.

Shares of Divi's Lab ended Friday's session little changed at Rs 5,938 on the BSE. The stock is up 70% in the last one year.