ICICI Direct: Caplin Point - Strong Latin America Growth Drives Q2 Numbers  

ICICI Direct: Caplin Point - Strong Latin America Growth Drives Q2 Numbers

A technician performs a solvent extraction in a research laboratory. (Photographer Angel Garcia/Bloomberg)

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ICICI Direct Report

Caplin Point Laboratories Ltd.’s Q2 FY21 revenues grew 18% YoY to Rs 268 crore.

Ebitda margins improved 131 basis points YoY to 32.6% due to higher gross margins partially offset by higher staff costs due to recently acquired subsidiaries.

Sequential margin improvement (up 279 basis points) was on account of a better overall operational performance.

Subsequently, Ebitda grew 22.9% YoY, 22.1% QoQ to Rs 87 crore.

Click on the attachment to read the full report:

ICICI Direct Caplin Point Q2FY21 Result Update.pdf
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