Divi’s Labs: Strong Half-Yearly Performance; More Capex Amid Better Visibility, Says ICICI Direct

Divi’s Labs: Strong Half-Yearly Performance; More Capex Amid Better Visibility, Says ICICI Direct

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ICICI DIrect Report

Divi’s Laboratories Ltd.’s revenues grew 33.4% YoY to Rs 3480 crore in H1 FY21.

Generic segment grew 38.6% YoY to Rs 1777 crore. Custom synthesis grew 31.8% YoY to Rs 1409 crore. Carotenoids grew 14.0% YoY to Rs 294 crore.

Ebitda margins expanded 777 basis points YoY to 41.4% due to significantly better gross margin performance and lower other expenditure.

Subsequently, Ebitda grew 64.2% YoY to Rs 1441 crore. Net profit grew 60.8% YoY to Rs 1012 crore inline with a strong operational performance.

Click on the attachment to read the full report:

ICICI Direct Divis Lab Company Update.pdf
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