Quote on Laurus Labs Limited results by Mr. Yash Gupta, Angel One Ltd
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Below is quote on Laurus Labs Limited results by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Laurus labs reported Q2FY22 number below the market expectation.
Laurus labs reported revenue from operation at ₹1,203 crores up by 5.7% YoY from ₹1138 crores in Q2FY21. Company reported a net profit of ₹197.7 crores down by 16.7% as compared to ₹237.5 crores in Q2FY21. EBITDA margins were under pressure due to an increase in other expenses and other expenses during the quarter. The company has announced the dividend of ₹0.80 per share and fixed the record date of 18th November 2021. We have a neutral view on Laurus Labs Limited.
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