 "Dr Lal PathLabs Q3 net down 7% to Rs 54 cr, revenue declines to Rs 489 cr")
Dr Lal PathLabs on Thursday said its consolidated profit after tax declined 7 per cent to Rs 54 crore for the December quarter.
The company had reported a net profit of Rs 58 crore in the October-December quarter of the previous fiscal.
Revenue also declined to Rs 489 crore for the period under review as compared with Rs 497 crore in the year-ago period, the company said in a regulatory filing.
"We continue to focus on geographical expansion and strengthen our presence in Tier 2, Tier 3 towns. Our focus continues to take a higher market share in West and South markets by leveraging technology and promoting high-end super specialty test portfolios," Dr Lal PathLabs Managing Director Om Manchanda said.
Shares of the company were trading 1.63 per cent down at Rs 2,019.15 apiece on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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