Divi’s Laboratories Ltd has posted a net profit of Rs.229.64 crore in the quarter ended September, which is 12 per cent more compared to Rs.204.93 crore registered in the corresponding period last fiscal.
The total income from operations rose 47 per cent to Rs.833.14 crore (Rs.566.95 crore), according to the results for the second quarter of this fiscal announced by the company on Saturday.
Other income dropped to Rs.15.54 crore (Rs.36.54 crore). In a press release, Divi’s Laboratories said foreign exchange gain in the quarter was Rs.4 crore as against Rs.31 crore in the corresponding period of 2013-14. The Hudhud cyclone that ravaged Visakhapatnam last month affected its operations for a brief period. The loss to assets was around Rs.10 crore and that it is covered under insurance. Besides Visakhapatnam, the company has a manufacturing facility in Hyderabad, the release said.
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