Dr. Lal PathLabs Limited – the Delhi based international service provider of diagnostic and related healthcare tests reported its performance for Jun
2016.
Remember this was the company whose IPO was over subscribed by 33.41 time and the stock has been hitting highs since listing. The stock hit its 52 week low at Rs. 696.5/- in early January and currently trails at over Rs. 950/-.
Result Analysis: Dr. Lal Path Labs
Result Analysis: Dr. Lal Path Labs- Total Income from Operations increased 17.71% to Rs. 222.8 crore.
- Profit After tax increased 29.66% to Rs. 40.17 crore.
- EPS increased 28.5% to Rs. 4.78 per share.
Other notable points were:
- Other Income increased from Rs. 4.11 crore to Rs. 6.01 crore.
- Tax Expense noticed a bump of Rs. 10 crore from Rs. 30.98 crore.
- During the quarter, the company acquired an additional 10% stake in its two subsidiaries i.e. Paliwal Diagnostics and Paliwal Medicave thereby now holding 80% stake in both the companies.
Disclosure: Analyst or Family do not hold the stock
Disclaimer
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