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Indian-Commodity  :  Top News  :  Laurus Labs reports 39% rise in Q4 net profit

Laurus Labs reports 39% rise in Q4 net profit (19-May-2017)

Laurus Labs has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a rise of 39.12% in its net profit at Rs 7.43 crore for the quarter ended March 31, 2017 as compared to Rs 5.34 crore for the same quarter in the previous year. However, total income of the company decreased by 2.05% at Rs 48.24  crore for quarter under review as compared to Rs 49.25 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 40.04% in its net profit at Rs 20.26 crore as compared to Rs 14.47 crore for the same period in the previous year. Total income of company increased by 7.61% at Rs 195.03 crore for year under review as compared to Rs 181.24 crore for the period ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 42.28% in its net profit at Rs 19.03 crore as compared to Rs 13.37 crore in the previous year. Total income of the company increased by 8.24% at Rs 196.50 crore for year under review as compared to Rs 181.53 crore for the year ended March 31, 2016.


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