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)

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

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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 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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