Moneycontrol PRO
HomeNewsBusinessEarningsDivis Labs Q4 profit jumps 29% to Rs 502 crore on strong operating income, margin

Divis Labs Q4 profit jumps 29% to Rs 502 crore on strong operating income, margin

In the year FY21, the COVID period, consolidated profit surged 44.2 percent to Rs 1,984.29 crore and revenue grew by 29.2 percent to Rs 6,969.4 crore compared to the previous year.

May 29, 2021 / 15:00 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Divi's Laboratories on May 29 reported a healthy double-digit growth in earnings for the March 2021 quarter driven by topline and operating performance.

    Consolidated profit increased to Rs 502.02 crore in Q4FY21, from Rs 388.23 crore in the corresponding quarter of last fiscal.

    Consolidated revenue during the quarter grew by 28.7 percent year-on-year to Rs 1,788.19 crore, said the company in its BSE filing.

    At the operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 61.2 percent to Rs 716.26 crore and margin improved 807 bps to 40.05 percent compared to the year-ago period.

    In the year FY21, the COVID period, consolidated profit surged 44.2 percent to Rs 1,984.29 crore and revenue grew by 29.2 percent to Rs 6,969.4 crore compared to the previous year.

    "During the financial year 2020-21, the company has capitalised assets of Rs 1,183.51 crore, and an amount of around Rs 710.62 crore is carried forward as capital work-in-progress at the end of the year," the company said.

    It further stated: "The new brownfield DC and DCV SEZ Units and the debottlenecking / backward integration programme taken up by the company during the last year, have become fully operational during the year."

    To Know All Earnings Related News, Click Here

    During the year, "we have also taken up another capex programme with an estimated investment of around Rs 400 crore for fast-tracking a customs synthesis project. A part of the project has been completed and became operational and the rest of the capex will be completed during the early part of the next financial year," Divis added.

    Divis Labs recommended a dividend of Rs 20 per equity share for the financial year 2020-21.

    Moneycontrol News
    first published: May 29, 2021 03:00 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347