ECONOMY

Laurus Labs Q1 Review – Strong Performance Driven By Formulations: ICICI Direct

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Laurus Labs Ltd. reported robust Q1 FY22 results.

Revenue growth of 31.1% YoY to Rs 1278.5 crore in Q1, partially offset by other active pharmaceutical ingredients (down 43% YoY).

Revenues were mainly driven by 95.0% YoY jump in contract research and manufacturing services business to Rs 195 crore and strong traction in formulations to Rs 521 crore with growth of 48% YoY.

Antiretroviral revenue grew 23% YoY to Rs 413.3 crore while oncology API grew 16% YoY to Rs 59.2 crore.

Laurus Labs’ Ebitda margins improved 235.7 basis points YoY to 30.9% while Ebitda grew 42% YoY to Rs 395.4 crore.

Profit after tax was up 40.5% YoY at Rs 241.4 crore for the quarter.

Click on the attachment to read the full report:

ICICI Direct Laurus Labs Q1FY22 Result Update.pdf

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