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Laurus Labs’ net profit at Rs 48.8 crore in Q2 FY18

expressbpdNovember 14, 2017

Tag: Laurus Labs , net profit , Rs

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Total revenue posted at Rs 538 crore

Hyderabad-based Laurus Labs’ net profit remained flat ?48.8 crore in Q2 FY18, compared to ?48.3 crore in Q2 FY17. The total revenue of company grew 4.3 per cent at Rs 538 crore (Rs 516 crore).

According to Satyanarayana Chava, CEO, Laurus Labs, the ARV (anti-retroviral) business witnessed a significant rise in revenues backed by strong customer offtake. He expects to maintain the momentum for the remaining half of the year.

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