Laurus Labs Q4 Review - Upbeat Numbers Trend Continues: ICICI Direct
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ICICI Direct Report
Laurus Labs Ltd.'s Q4 revenue grew 68.3% to Rs 1,412 crore with strong growth across segments.
Results were driven by 88% year-on-year jump in active pharmaceutical ingredient segment to Rs 797 crore amid strong traction in antiviral APIs to Rs 569 crore (2.1 times YoY) driven by higher volume of first and second line products.
Formulations revenue grew 60.9% YoY to Rs 430 crore on the back of higher tender business from low-to-middle income countries and higher volumes from the U.S. and Europe.
Contract research and manufacturing services business grew 19.0% YoY to Rs 176 crore.
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