Laurus Labs shares drop on weak quarter (Health & Beauty - Other Health Ads)

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Laurus Labs shares drop on weak quarter


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Laurus Labs Ltd faced a significant drop in its stock price, hitting a lower circuit during Thursday’s trading session. The pharmaceutical company reported a challenging performance in the December 2023 quarter, leading to mixed reviews by brokerage firms. The net profit for the quarter was 23.84 crore, marking an 88.5% YoY decline, primarily driven by a 67% YoY fall in the CDMO-synthesis business. In the same period the previous year, the company had reported a bottom line of 203.06 crore.

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Target State: New York
Target City : New York City
Last Update : Apr 29, 2025 2:26 AM
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Item  Owner  : medhealthinsight
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2025-08-26 (0.382 sec)