Laurus Labs Q2 Profit More Than Doubles; Margin Beats Estimates
Laurus Labs said September-quarter net profit more than doubled year on year and revenue and operating earnings beat CNBC-TV18’s estimates. The company also declared a dividend and plans to acquire controlling stakes in two businesses.
Laurus Labs reported a strong set of results for the September quarter, with net profit more than doubling year-on-year and revenue and operating earnings comfortably beating CNBC-TV18’s estimates. The pharmaceutical company also announced plans to acquire controlling stakes in two businesses, incl…