Dr Lal Pathlabs
Dr Lal Pathlabs is one of the renowned diagnostic healthcare services companies in India. The company has an increasing presence with an already established wide network of diagnostic healthcare centres. The company offers over 3,368 diagnostic and related healthcare tests and services prescribed by physicians in India. The company has a qualified team of 147 pathologists, 8 radiologists, 13 microbiologists, 5 biochemists as well as 11 specialists.
The company has a growing presence across India and also operates labs and diagnostic centres in Saudi Arabia, UAE, Nigeria, Bangladesh and Sri Lanka, among others. Since April 2016, the company has set up 17 new labs, 200 PSCS and about 5021 active pick-up points in the country. The company’s labs under hospital lab management contracts have increased to 22 in the current fiscal.
On the financial front, Dr Lal Path Labs witnessed a 12.10 per cent increase in its net sales to ₹241.80 crore in the first quarter of FY18 on a year-on-year basis. The PBIDT of the company grew 8.73 per cent to ₹63.50 crore in Q1FY18 as against ₹58.40 crore in Q1FY17. The profit after tax of the company increased 11.37 per cent to ₹43.10 crore in the first quarter of FY18 as against ₹38.70 crore in the first quarter of the previous fiscal.
On an annual basis, Dr Lal Path Labs witnessed a rise of 15.22 per cent in its net sales to ₹881.87 crore in FY17 as against ₹765.40 crore in FY16. The PBIDT of the company grew 12.38 per cent to ₹229.09 crore in FY17 as against ₹203.85 crore in FY16. The profit after tax of the company increased 17.06 per cent to ₹147.21 crore in FY17 as against ₹125.76 crore in the previous fiscal.