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Alkem Laboratories Ltd Q1FY24; 120% rise in Profits

Alkem Laboratories is engaged in pharmaceutical business with global operations. The Company is engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.

Financial Results:

Alkem Laboratories Ltd reported Revenues for Q1FY24 of ₹2,968.00 Crores up from ₹2,576.00 Crore year on year, a rise of 15.22%.

Total Expenses for Q1FY24 of ₹2,681.00 Crores up from ₹2,475.00 Crores year on year, a rise of 8.32%.

Consolidated Net Profit of ₹288.00 Crores up 119.85% from ₹131.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹23.98, up 124.53% from ₹10.68 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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