New Delhi, May 17 (PTI) Dr Lal Pathlabs on Tuesday said its consolidated net profit declined 27 per cent to Rs 62 crore in the fourth quarter ended March 31, 2022.

The company had reported a net profit of Rs 85 crore for January-March period a year ago.

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Revenue from operations however rose to Rs 485 crore in the fourth quarter as against Rs 431 crore in the year-ago period, Dr Lal Pathlabs said in a statement.

For the year ended March 31, 2022, the company posted a consolidated net profit of Rs 350 crore as compared with Rs 296 crore in 2020-21.

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Revenue from operations rose to Rs 2,087 crore as against Rs 1,581 crore in 2020-21.

The company said it board approved a final dividend of Rs 6 per share on face value of Rs 10 each for the year ended March 31, 2022.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)