Business

Profit Rises, But Margin Contracts

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Laurus Labs Ltd.’s first-quarter profit rose, in line with estimates.Net profit of the Hyderabad-based pharma and biotech company rose 4% year-on-year to Rs 251 crore in the three months through June, according to its exchange filing. That compares with the Rs 244-crore consensus estimate of analysts tracked by Bloomberg.Sequentially, profits were up 9%.Laurus Labs Q1 Highlights (YoY)Revenue rose 20% to Rs 1,539 crore, against the es…



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