Business Economy


Laurus Labs Q2FY27 net profit rises 126 pc to Rs 441-Cr

Hyderabad, Oct 29 (UNI) Laurus Labs Ltd on Thursday reported a 126 per cent year-on-year rise in consolidated net profit to Rs 441 crore for the second quarter of FY27, compared with Rs 195 crore in the corresponding period last year.
The Hyderabad-based Company's revenue increased 33 per cent to Rs 2,206 crore from Rs 1,653 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 78 per cent to Rs 762 crore from Rs 429 crore.
EBITDA margin improved to 34.5 per cent from 26 per cent, while gross margin increased to 63 per cent from 59.9 per cent. Profit before tax more than doubled to Rs 592 crore from Rs 270 crore, the pharmaceutical company said in a release here.
For the first half of FY27, net profit rose 126 per cent to Rs 809 crore from Rs 358 crore in the year-ago period.
Revenue grew 31 per cent to Rs 4,233 crore from Rs 3,223 crore, while EBITDA increased 72 per cent to Rs 1,406 crore from Rs 818 crore.
EBITDA margin for the first half expanded to 33.2 per cent from 25.4 per cent, while profit before tax increased to Rs 1,073 crore from Rs 494 crore.
Laurus Labs founder and CEO Satyanarayana Chava said the company had operationalised its first commercial-scale peptide plant in Visakhapatnam and was expanding capacity to meet rising demand for peptide therapeutics.
The company had also made investments in oligonucleotide and peptide-resin technologies to strengthen its contract development and manufacturing organisation (CDMO) capabilities, he said.
Executive Director and Chief Financial Officer V.V. Ravi Kumar attributed the performance to sustained growth in the CDMO and affordable medicines divisions, improved capacity utilisation and a favourable business mix.
The company continued to advance capital expenditure across its growth projects, with investments focused on supporting near- and long-term expansion, he added.
UNI KNR CDS
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