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RPG Life Sciences Limited announces Q1FY22 results



Posted On : 2021-07-28 22:04:19( TIMEZONE : IST )

RPG Life Sciences Limited announces Q1FY22 results

RPG Life Sciences Limited has announced its financial results for the quarter ended June 30, 2021.

RPG Life Sciences, engaged in the manufacturing and marketing of pharmaceutical products, posted a jump in profits by 50% Y-o0-Y and by 115% Q-o0-Q for Q1 FY22, maintaining the upward trajectory in EBITDA margins, which improved from 18.9% to 21.6% Y-o-Y. Revenue from operations at Rs 108.13 crores registered a growth of 18% Y-o-Y and a growth of 17% Q-o-Q for Q1 FY22.

Mr. Yugal Sikri, Managing Director, RPG Life Sciences Ltd. said, "In Q1 FY22, the overall performance of the Company continued to be strong despite the impact of the second wave of COVID-19 pandemic. Revenue and PBT grew by 18% and 50% respectively Y-o-Y. EBITDA margin retained its upward trajectory growing from 18.9% to 21.6% Y-o-Y.

We continue to be focused on executing our turnaround strategy. On domestic business front, it comprises of 5 initiatives viz. Product portfolio rejuvenation by building chronic and specialty portfolio with new launches; Building our strategic brand assets through diligent life cycle management strategies; Deepening our customer coverage in targeted therapies by expanding our field force and increasing our Share of Voice through innovative digital solutions; Strengthening our Prescription Business model by focusing on all customer, salesforce and patient related initiatives; and Improving profitability by opex control, efficient manufacturing operations and sales hygiene. On international business front, our strategy is to step-wise build up our business profitably with a focus on expanding markets and products with some competitive edge."

Shares of RPG LIFE SCIENCES LTD. was last trading in BSE at Rs. 483.9 as compared to the previous close of Rs. 506.8. The total number of shares traded during the day was 33976 in over 2158 trades.

The stock hit an intraday high of Rs. 515 and intraday low of 480.3. The net turnover during the day was Rs. 16838570.

Source : Equity Bulls

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