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Divi's Labs share up 4%, hits record high on inking supply deal; details
At 12:00 noon, Divi's Laboratories shares were trading 3.95 per cent higher at ₹6,737. In comparison, BSE Sensex was trading 0.57 per cent higher at 82,189.23 level. Catch Latest Stock Market Updates Today LIVE
What led to Divi's Laboratories share price hitting 52-week high today?
Divi's Laboratories share price rose after the company announced that it has inked a long-term manufacturing and supply agreement with a global pharmaceutical company.
Under this deal, Divi's Laboratories will be manufacturing and supplying advanced intermediates as per the commercial terms agreed between the parties.
The pharmaceutical company also expects meaningful revenue contribution from this long-term agreement.
Besides, the cost of capacity addition for manufacturing under this agreement is estimated to be ₹650-750 crore, which will be funded from the capacity reservation advance proposed to be paid by the customer phase-wise, according to the deal.
Divi's Laboratories Q4 results
The company's net profit jumped 23 per cent year-on-year (Y-o-Y) to ₹662 crore, as against ₹538 crore a year ago. Its revenue from operations increased 12 per cent annually to ₹2,585 crore, from ₹2,303 crore a year ago.
Divi's Laboratories dividend
The company's board recommended a final dividend of ₹30 per share of face value ₹2 each for FY25. The company has fixed July 25, 2025, as the record date for the purpose of the payment of dividend. ALSO READ | Ashok Leyland shares trade range-bound post Q4 results, declares 1:1 bonus
About Divi's Laboratories
Divi's Laboratories, established in 1990 and headquartered in Hyderabad, India, is a prominent global pharmaceutical company. Renowned for its strong focus on research and manufacturing, the company specializes in the production and export of active pharmaceutical ingredients (APIs), intermediates, and nutraceuticals.
With operations spanning 95 countries, Divi's Laboratories maintains a strong international footprint. Its diverse product portfolio includes generic APIs, custom-synthesised compounds, and nutraceutical ingredients.
In addition to its core offerings, the company provides custom synthesis and contract manufacturing services, catering to major pharmaceutical companies at various stages of the drug development lifecycle—from clinical trials to commercial production.
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