Divi's Laboratories Third Quarter 2024 Earnings: Misses Expectations

Divi's Laboratories (NSE:DIVISLAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹19.5b (up 14% from 3Q 2023).
• Net income: ₹3.58b (up 17% from 3Q 2023).
• Profit margin: 18% (in line with 3Q 2023).
• EPS: ₹13.50 (up from ₹11.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Divi's Laboratories Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Life Sciences industry in Asia.

Performance of the market in India.

The company's shares are down 1.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Divi's Laboratories that you need to be mindful of.

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