Dr. Lal Pathlabs Maintains Superior Execution In Q3: ICICI Securities  
A nurse applies a plaster after taking a patient’s blood sample in a pathology lab in Chennai. (Photographer: Dhiraj Singh/Bloomberg)

Dr. Lal Pathlabs Maintains Superior Execution In Q3: ICICI Securities  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Dr. Lal Pathlabs Ltd.’s Q3 FY21 performance was above estimate even in a challenging environment, aided by Covid-19 tests as well as speedy recovery in base business.

Covid-19 and allied tests contributed 21.6% to sales. Other revenues grew 8.3% YoY.

Overall, revenue grew 38.0%, Ebitda margin was up 560/120 basis points YoY/QoQ to 30.7% and adjusted profit after tax was up 74.7% to Rs 945 million.

The base business has seen very good recovery and we expect healthy growth in coming quarters.

Click on the attachment to read the full report:

ICICI Securities Dr Lal Q3FY21 Result Update.pdf

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