Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Laurus Labs Ltd crosses revenue of Rs. 700 crores in Q2 FY20

Posted On: 2019-10-31 19:35:42


Laurus Labs Ltd. (Laurus BSE: 540222, NSE: LAURUSLABS, ISIN: INE947Q01010), a leading research and development driven pharmaceutical company in India announcesits Q2 & H1 FY20 results.

Q2 FY20 Laurus reported:

- Consolidated Revenue at INR. 7,124 mn, up 21% (Y-o-Y) and 29% (Q-o-Q)
- EBITDA INR 1,391 mn, up 61% (Y-o-Y) and 60% (Q-o-Q)
- EBITDA margins at 20 %
- PAT at INR. 566 mn, up 249% (Y-o-Y) and 275% (Q-o-Q)
- EPS (Diluted) for the period at INR. 5.3 per share (not annualised), up 253% (Y-o-Y) and 279% (Q-o-Q)

H1 FY20 Laurus reported:

- Consolidated Revenue at INR. 12,630 mn, up 12% (Y-o-Y)
- EBITDA INR 2,261 mn, up 34% (Y-o-Y)
- EBITDA margins at 18 %
- PAT at INR. 716 mn, up 118% % (Y-o-Y)
- EPS (Diluted) for the period at INR. 6.7 per share (not annualised), up 116% (Y-o-Y)

Commenting on the results announcement, Dr. Satyanarayana Chava - CEO said, "The quarter's performance demonstrates our ability to execute our long term strategy, with enhanced revenue contribution from Formulations business contributing positively to both top line and margins. The LMIC tender business remains a major part of the FDF strategy along with developed markets of North America and Europe.

We have recorded robust growth across most of our divisions. Other API division showed a strong growth during the quarter on the back of increase in new product additions; with Oncology and Synthesis maintaining their growth momentum. With the impending shift in the treatment regimen in South Africa, we are witnessing a slowdown in sales in ARV API business for FY20.

On the regulatory side, we have received EIRs for our Units 1 & 3. Unit 4 successfully completed its maiden USFDA audit with Zero observations also received EIR. We remain committed to highest level of Compliance & Quality. With our EBITDA Margins at 20% I am very confident that our performance is back on high growth track."

Commenting on the results announcement, V V Ravi Kumar, ED & Chief Financial Officer said, "Our Total Revenues from Operations came in at INR 7,124 mn. With the improved revenue and better product mix our Gross Margins continue to improve. Our EBITDA margins also showed a significant improvement at 20% for Q2 FY20. The growth in EBITDA was led by higher Operating Leverage and also with softer key Raw Material prices from China. We are encouraged by the robust growth seen in FDF and Other API business resulting in higher utilization of our new Units - 2 & 4. With the focus solely being on growth and improvement in Operating Leverage, we remain confident of improving our return ratios and also achieving FCF positive status from FY21."

Shares of Laurus Labs Ltd was last trading in BSE at Rs.370.6 as compared to the previous close of Rs. 364.05. The total number of shares traded during the day was 2200 in over 203 trades.

The stock hit an intraday high of Rs. 374 and intraday low of 364.85. The net turnover during the day was Rs. 809079.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement

Dhanlaxmi Bank Limited to exercise call option on bonds

Indo Amines Ltd board to consider Q4FY20 results on July 20, 2020

Paramount Communications Ltd posts consolidated PAT of Rs. 5 crore in Q4 FY20

Reliance Industrial Infrastructure Ltd Q1FY21 net profit at Rs. 2.05 crore

Delta Corp Ltd Q1FY21 consolidated loss at Rs. 28.24 crore

International Travel House Ltd Q1FY21 loss widens to Rs. 15.97 crore

Manappuram Finance Ltd board to consider Q1 FY2021 results on July 29, 2020

Verizon and Airtel Partner to Bring Secure Enterprise-Grade BlueJeans Video Conferencing to India

Rallis India Ltd board to consider Q1FY21 results on July 22, 2020

Khadim India Ltd posts loss of Rs. 19.87 crore in Q4 FY20

WIPRO Ltd reports Q1FY21 consolidated PAT of Rs. 2390.4 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019