Dr. Lal PathLabs, India's biggest diagnostics firm by revenue, posted a bigger profit for the fourth straight quarter on Thursday, led by the addition of more labs and increased demand for medical tests. The company's consolidated net profit jumped 49% year-on-year to Rs 845 million ($10.1 million) in the fourth quarter.
Its shares climbed as much as 7.8% after the results before trimming some gains to trade up about 6%. Rival Metropolis Healthcare was up about 2% and Thyrocare Technologies gained about 1%.
Comments
Post a Comment