Laurus Labs Q2 Review - Subdued Quarter Amid Drag In ARV APIs: ICICI Direct

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. reported tepid Q2 FY22 results. Sales were up 5.7% YoY to Rs 1,203.5 crore. Ebitda in Q2 FY22 was at Rs 345.1 crore, down 7.7% YoY with margins at 28.7%. Consequent PAT was at Rs 201.9 crore (down 16.7% YoY).Key triggers for future price performance:  Formulations: Product launches in anti-diabetic (FY23) and CV portfolio (FY24) in the U.S. and Europe. Brownfield project to double capacity by FY22.API: Robust order-book in anti-diabetic, CV and PPI, brownfield capacity addition (FY22) and has leadership position in APIs like ARVs, CVS, Onco, etc.Synthesis: Well-positioned to meet fast growing global demand for NCE drug substance and drug products. Setting up dedicated R&D Centre (operational FY23) and greenfield manufacturing unit (FY24).Biologics: Expanding the biologics CDMO at scale. Commercial scale-up of the new fermentation capacity (food proteins).Laurus is evolving as a strong vertically integrated player with strong order book visibility and incremental traction from custom synthesis.Click on the attachment to read the full report:. DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Laurus Labs Q2 Review - Subdued Quarter Amid Drag In ARV APIs: ICICI Direct

Laurus Labs Q2 Review - Subdued Quarter Amid Drag In ARV APIs: ICICI Direct

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