Categories AlphaGraphs, Earnings, Health Care

Laurus Labs Ltd Q4FY24; 29% fall in Profits

Founded in 2005, Laurus Labs is a research-driven pharmaceutical and biotechnology company having a global leadership position in select Active Pharmaceutical Ingredients (APIs) including anti-retroviral, oncology drugs (incl High Potent APIs), Cardiovascular, and Gastro therapeutics. They also offer integrated CMO and CDMO services to Global Innovators from Clinical phase drug development to commercial manufacturing.
Laurus employs 6500+ people, including around 1050+ scientists at more than 11 facilities approved by global agencies USFDA, WHO-Geneva, Japan-PDMA, UK-MHRA, EMA, TGA etc.

Financial Results:

Laurus Labs Ltd reported Revenues for Q4FY24 of ₹1,440.00 Crores up from ₹1,381.00 Crore year on year, a rise of 4.27%.

Total Expenses for Q4FY24 of ₹1,350.00 Crores up from ₹1,235.00 Crores year on year, a rise of 9.31%.

Consolidated Net Profit of ₹75.00 Crores down 28.57% from ₹105.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.40, down 26.70% from ₹1.91 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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