Dr Lal Path Labs Q2 Net Profit Declines 25% To Rs 72.4 Crore

Diagnostic services provider Dr Lal Path Labs on Tuesday said its consolidated profit after tax declined 24.8% to Rs 72.4 crore in the second quarter ended September.

The company had posted a profit after tax (PAT) of Rs 96.3 crore in the year-ago period, it said in a BSE filing.

Its revenue from operations, however, grew 7.1% to Rs 533.8 crore during the period under review, from Rs 498.4 crore in the corresponding quarter of the previous year.

Dr Lal Path Labs said its non-COVID revenue increased 14.8% in Q2 FY23 to Rs 514 crore, from Rs 448 crore in the year-ago period.