ICICI Direct: Laurus Labs’ Vertically Integrated Story Panning Out
Scientists work in a pharmaceutical lab. (Photographer: Abhijit Bhatlekar/Bloomberg News)

ICICI Direct: Laurus Labs’ Vertically Integrated Story Panning Out

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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

Laurus Labs Ltd. Q2 revenues grew approximately 60% to Rs 1,139 crore amid strong growth across segments driven by a 182.7% YoY jump in formulations to Rs 452 crore due to higher tender business from low- and middle-income countries and new launches.

Active pharmaceutical ingredient segment posted a strong growth of 22.4% YoY to Rs 571 crore amid strong traction across antiviral, oncology and other APIs.

Similarly, contract research and manufacturing services business grew approximately 35% YoY to Rs 116 crore.

Click on the attachment to read the full report:

ICICI Direct Laurus Labs Q2FY21 Result Update.pdf

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