Dr Lal PathLabs Q3: Diagnostic biz likely to see consolidation in next few years, says Om Manchanda

Diagnostic services provider Dr Lal PathLabs on Thursday, February 10, reported a 39.3 percent year-on-year (YoY) decline in net profit at Rs 58.2 crore for the third quarter ended December 31, 2021.

In an interview with CNBC-TV18, Om Manchanda said that margins in the industry augur well for the next wave of consolidation.

"This is a learning that one has seen from global diagnostic players and I won’t be surprised if next 5-10 years you have a wave of consolidation happening and that is primarily going to put a lot of pressure on the unorganized segment and yes, I do see that there will be some amount of consolidation in times to come.”