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Business EconomyPosted at: Jul 29 2021 4:46PM


Laurus Labs announce results, PAT up by 40 pc to Rs 241 Cr in Q1 FY22

Hyderabad, Jul 29 (UNI) Laurus Labs Limited has announced the results and its Profit After Tax (PAT) for the quarter ended June 30, 2021 up by 40 per cent to Rs 241 crore against Rs 172 crore during the same period in FY21.
Revenues from operations were increased by 31.3 per cent to 1,279 crore during the quarter , Hyderabad-based Laurus, a leading research and development driven fully integrated pharmaceutical and biotech company said in a release here.
It was Rs 974 crore in the first quarter of the last fiscal.
Commenting on the announcement of results, Company CEO Dr. Satyanarayana Chava said our Synthesis business retained its growth momentum powered by the increased business from the existing clients and new clients. The segment registered strong growth with +95 percent YoY, with ongoing commercial supplies for four products.
In the API segment, Oncology and ARV APIs registered healthy growth, he said.
In contrast, Revenue from our other API witnessed a slowdown, and the growth is expected to restore from Q2 FY22 and we remain confident of maintaining a growth trajectory in the Generic API business for FY22, he added.
Commenting on the results announcement, Chief financial Officer and Executive Director V V Ravi Kumar said Laurus Bio has started contributing to revenues and margins from Q1 FY22. Our performance focus is on growth driven by superior execution and completing our Future Ready strategy with manufacturing capacity expansions - a combination of brown and greenfield in API, FDF, and Synthesis divisions.
UNI KNR CS 1644
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Tags: #Laurus Labs announce results# PAT up by 40 pc to Rs 241 Cr in Q1 FY22
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