Latest News | Laurus Labs Q3 Net Drops 43 Pc to Rs 155 Cr

New Delhi, Jan 27 (PTI) Pharmaceuticals firm Laurus Labs on Thursday said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter ended December 31, 2021.

The company had posted a consolidated net profit of Rs 272.85 crore in the October-December period of previous fiscal.

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Revenue from operations fell to Rs 1,028.76 crore in the third quarter as compared to Rs 1,288.42 crore in the same period of 2020-21, Laurus Labs said in a regulatory filing.

"Our Q3 results were impacted by lower sales of ARV APIs and formulations due to stocking at channel partners and we expect improvement from Q4," Laurus Labs founder and CEO Satyanarayana Chava said.

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(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)