India's Laurus Labs slumps on fall in Q4 earnings

Laurus Labs

27/04/2023 10:59

** Shares of Laurus Labs  LAUL.NS  fall as much as 4.23% to
287.30 rupees, lowest in a month
    ** Co's net profit in Q4 fell by more than half to 1.03 bln
rupees YoY
    ** Consolidated revenue fell 3% to 13.81 bln rupees; core
profit declined to 2.85 bln rupees
    ** Trading volume at 6.6 mln shares as of 3:18 p.m. IST,
nearly thrice the 30-day avg - Refinitiv data
    ** Average rating of 11 analysts close to 'hold' with median
PT of 400 rupees, a 33.3% premium to Tuesday's close

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))