{
}
On October 24, the Sensex and Nifty remained largely flat, influenced by declines in FMCG and IT stocks, while financials and construction sectors offered some support. Hindalco, HUL, Aster DM, and Dr. Lal Pathlabs were noted among the top gainers and losers in the trading session.
Dr Lal PathLabs reported a 9.8% YoY revenue growth in Q2FY25, falling short of expectations, but surprised with an EBITDA margin of 30.7%. The growth was driven by the Swasthfit bundled test package, which increased by 25% YoY. Management plans to focus on volume growth without immediate price hikes, while a cash balance of INR 10bn may be used for M&A to enhance its presence in southern India and other rapidly growing cities. The target price is revised to INR 3,100.
Dr Lal PathLabs shares fell over 6% on October 24 amid profit booking, despite a reported 18% year-on-year increase in net profit to Rs 131 crore for Q2 FY2024-25. Revenue rose to Rs 660 crore from Rs 601 crore in the same period last year. The board also approved a second interim dividend of Rs 6 per equity share for the financial year.
The Q2 earnings season is in full swing, with major companies like HUL, Bajaj Finserv, and TVS Motor set to release their results today. Earlier reports showed Reliance Industries' profit declined by 4.8%, while HCL Tech and TCS posted profit increases of 10.5% and 5.0%, respectively. Bajaj Finserv reported an 8.2% profit growth, reaching Rs 2,086.97 crore, alongside a 29.5% rise in total income.
Medprime Technologies has successfully closed its pre-series A funding round, led by investor Ashish Kacholia, to enhance growth and AI innovations in health tech. The investment will support the international market expansion of CILIKA, accelerate AI module launches for the MICALYS platform, and improve manufacturing capabilities to meet global demand. Established in 2014 by IIT Bombay graduates, Medprime is recognized for its digital microscopy solutions, utilized by top medical institutions across India.
Dr. Lal PathLabs Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Hindalco and HUL among top gainers as markets remain flat
13:54 24.10.2024
Dr Lal Pathlabs reports modest growth and maintains hold rating with revised target
11:09 24.10.2024
Dr Lal PathLabs shares fall 6 percent despite 18 percent profit increase
09:13 24.10.2024
niit and godrej properties report strong q2 earnings and industry growth
United States Dollar
Indian Rupee
Bajaj Finserv Ltd.
TVS Motor Company Limited
HUL
Piramal Pharma Limited
Dr. Lal PathLabs Limited
IND
Bajaj Finserv
Sunil Reddy
Show more
10:10 23.10.2024
medprime technologies secures funding to enhance ai innovations in health tech
United States Dollar
Apollo Diagnostics
Medprime Technologies
All-India Institute of Medical Sciences (AIIMS)
Dr. Lal PathLabs Limited
Hungama Digital Services Ltd.
IND
Ashish Kacholia
Show more
06:30 21.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Global Trade Developments
Startups & Entrepreneurship
Government Economic Policies
Supply Chain Management
Retail and Consumer Goods
Industry Mergers & Acquisitions
Stock Market Updates
Venture Capital Investments
Finance Mergers & Acquisitions
Global Financial Events
Energy Sector Developments
Emerging Startups
Funding Rounds & Investments
Central Bank Actions
Fintech Startups
Cryptocurrency & Blockchain Regulations
Financial Scams and Security
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Learning Resources Inc.
MGA Entertainment Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Dell Technologies Inc.
Taiwan Semiconductor Manufacturing Company Limited
Google Inc.
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Yatra Online, Inc.
Daiwa Institute OF Research Ltd.
Pegatron Corporation
KODEX India Tata Group
Wistron Corporation
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
United Arab Emirates Dirham
Australian Dollar
New Taiwan Dollar
British Pound Sterling
Vietnamese Đồng
New Zealand Dollar
South Korean Won
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Egyptian Pound
People: