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Alkem Labs Q4 PAT soars four times; what should investors do with the pharma stock?

May 30, 2024
in Financial
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Alkem Laboratories share worth right now, Alkem Laboratories share worth goal, Alkem Laboratories This fall outcomes: Alkem Laboratories shares will stay in give attention to Thursday, Could 30, a day after the drug maker reported a consolidated web revenue surged four-fold to Rs 293 crore for the March 2024 quarter. 

Alkem Laboratories had reported a web revenue of Rs 71 crore for the January-March quarter of FY23. The corporate mentioned its revenue for the fourth quarter of FY23 was impacted on account of derecognition of deferred tax of Rs 120 crore. 

Adjusted for the above merchandise, the revenue development for the March quarter of FY24 would have been 54 per cent. Learn extra on Alkem Labs This fall outcomes 

Administration Commentary 

“Persevering with our development of improved efficiency, Q4FY24 builds on the momentum gained from earlier quarters with vital gross margin enhancements backed by decrease uncooked materials value and decrease depth of worth erosion within the US,” Alkem CEO Vikas Gupta mentioned.

Alkem Labs dividend 

Alkem Laboratories has beneficial a remaining dividend of Rs 5 per share of Rs 2 every for the yr ended on March 31, 2024. 

(with PTI inputs)

For all different information associated to enterprise, politics, tech and auto, go to Zeebiz.com.

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