Laurus Labs Q3 PAT down -43.66% at Rs153.73cr on sharply lower revenues on a yoy basis

29 Jan 2022 , 01:28 AM

Laurus Labs Ltd reported -20.15% lower yoy total revenues for the Dec-21 quarter on consolidated basis at Rs1,029cr. On a sequential basis, the revenues were lower for the quarter by -14.52%.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -43.66% at Rs153.73cr on sharply lower revenues which was exacerbated by supply chain constraints and higher operating expenses, including the cost of inputs.

This put pressure on the profit numbers for the quarter. The company also saw cyclical weakness in some of its key markets during the quarter.

Net margins tapered from 21.18% in the Dec-20 quarter to 14.94% in the Dec-21 quarter. Net margins were lower sequentially by 184 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Laurus Labs
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,028.76	₹ 1,288.42	-20.15%	₹ 1,203.48	-14.52%
Net Profit (Rs cr)	₹ 153.73	₹ 272.85	-43.66%	₹ 201.90	-23.86%
Diluted EPS (Rs)	₹ 2.85	₹ 5.07		₹ 3.74
Net Margins	14.94%	21.18%		16.78%