After the company announced flash Andhra Pradesh (AP), Laurus Labs declined 1.61% to Rs 375.70. The company manufacturing unit in the plant is located in Andhra Pradesh in Visakhapatnam, Anakapally district in Parawada in Jawaharlal Nehru Pharma City. The operations in the other production blocks are running normally.

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The company is a biotechnology company and integrated pharmaceutical with a leadership position in generic Active Pharmaceutical Ingredients (APIs) and a significant focus on anti-retroviral, oncology drugs and Hepatitis C.

On a consolidated basis, the net profit of the pharmaceutical company rose by 15% to Rs 233 crore on a 31% increase in revenue from operations to Rs 1,230 crore on September 22 over September 21.