Laurus Labs shares nosedive 15% amid reports of US foreign aid suspension
- Posted on January 27, 2025
- By Business News Today
- 3 Views
Laurus Labs shares nosedive 15% amid reports of US foreign aid suspension
Laurus Labs reported a 7% YoY drop in API revenues to Rs 531 crore for Q3 FY24, driven by lower ARV volumes. However, the FDF segment saw ARV sales grow 40% sequentially, highlighting a rebound in this category despite overall revenue pressure.
