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Alkem Labs Q3 Results: Net profit rises just 6% to ₹641 crore, total income flat; stock declines 4%
Live MintPharma stock Alkem Labs announced its results for the quarter ended December 2024 on Friday, February 7. The company’s consolidated net profit rose 6 percent year-on-year to ₹641 crore from ₹604 crore in Q3FY24. Total income for the quarter stood at ₹3,467 crore, a marginal 1.4 percent increase from ₹3,417.5 crore in the same period last year. For the nine months ending December 2024, Alkem reported an over 25 percent YoY rise in net profit to ₹1,893 crore, compared to ₹1,507 crore in 9MFY24. Acquisition of Bombay Ortho Industries The company also announced that its wholly owned subsidiary, Alkem Medtech Private Limited, intends to acquire a 100 percent stake in Bombay Ortho Industries Private Limited.
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