The Income Tax (I-T) Department's investigation arm is conducting searches at the Mumbai office of Metropolis Path Lab, sources told CNBC-Tv18 on November 16. More details are awaited.
Metropolis Healthcare runs one of the largest pathology lab chains in India. The stock plunged more than 5 percent in the intra-day trading on reports of the I-T searches.
The company clocked a consolidated net profit of Rs 40.48 crore in the September-ended quarter while revenue from operations stood at Rs 300.35 crore. EBITDA came in at Rs 83.37 crore down 12.98 percent from Rs 95.81 crore on a yearly basis.
In August this year, Metropolis Healthcare had announced the resignation of CEO Vijender Singh.
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