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Laurus Labs Q1 Results: Profit Rises By More Than 10 Times, Shares Gain 16%

Its other financial metrics, too, registered similar large jumps.

Forum Bhatt
General views of drugs (Photographer: Brent Lewin/Bloomberg)

Drugmaker Laurus Labs Ltd.’s quarterly profit rose by more than 10 times year-on-year, leading to a 16% rally in its share price.

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FOMC Meeting Preview: US Fed Rate Cut To Mark Pivot Toward Job Market

  • chevron-double-right Federal Reserve officials are expected to cut interest rates for the first time this year on Wednesday
  • chevron-double-right The rate decision may see dissents due to differing views on labour market and inflation risks
  • chevron-double-right Economists predict two rate cuts this year, with projections on inflation and unemployment to be updated
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