Alkem Labs hits record high, soars 8% on strong Q3 results, dividend bounty

Lincoln Wylie

Shares of Alkem Laboratories surged 8 for every cent to hit a new superior of Rs 2,699, on the BSE, on Monday following it documented a sturdy fifty six.8 for every cent year on year (YoY) advancement in consolidated revenue prior to tax (PBT) at Rs 40.46 crore for the December quarter (Q3FY20). The prescribed drugs business experienced PBT of Rs twenty five.eighty one crore in the year back quarter.

Meanwhile, the board of administrators of the business declared an interim dividend of Rs 22 for every equity share for the fiscal year 2019-twenty. The business has preset Saturday, February fifteen, 2020 as the document date for the reason of payment of interim dividend.

Alkem Labs posted a 88.6 for every cent YoY leap in its consolidated internet revenue at Rs 382 crore for the duration of the quarter below evaluate on the again of healthier income advancement and considerable

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