(20 second reading) Aarti Pharmalabs reported over a 52% growth in net profit for the Q4. The company also announced a dividend payout for eligible shareholders after market hours.
The company reported a 52.2% jump in its consolidated net profit at Rs.65.25 crore for the fourth quarter of the financial year 2023-24 from the previous year’s Rs.42.87 crore. The net profit was also 23% more than the previous quarter’s Rs.52.76 crore.
The company’s net profit for FY24 increased by 12.09% to Rs.216.9 crore from Rs.193.49 crore in FY23.
Its shares rallied over 12% to hit an intra-day high of Rs. 591.60 per share.