25 Oct 2022 , 09:18 PM
Revenue growth was 2.40% in sequential terms. The company, like most of the pharma companies has been facing pressure on the inventory front with a sharp spike in the levels of inventories and trade receivables.
That has been one of the reasons why the net cash from operating activities in the first half of the current fiscal year has fallen by 22.8% on a yoy basis at Rs243 crore, showing working capital pressure.
The reason for the profits growing slower than the revenues is the sharp spike in raw material input costs amid supply chain constraints.
This has also led to the company holding on to higher inventories and trade receivables resulting in higher capital locked up in working capital.
Net profit margins at 14.77% in Q2FY23 were lower compared to 16.78% in Q2FY22 and against 16.3% in Q2FY23.
Financial highlights for Sep-22 compared yoy and sequentially
Laurus Labs | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 1,575.89 | ₹ 1,203.48 | 30.94% | ₹ 1,538.94 | 2.40% |
Net Profit (Rs cr) | ₹ 232.81 | ₹ 201.90 | 15.31% | ₹ 251.28 | -7.35% |
Diluted EPS (Rs) | ₹ 4.32 | ₹ 3.74 | ₹ 4.66 | ||
Net Margins | 14.77% | 16.78% | 16.33% |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.