Laurus Labs Q1FY26 net surges 1154 pc to Rs 163 cr
Revenue during the period increased by 31 percent to Rs 1,570 crore as against Rs 1195 crore during the corresponding period in the previous year, the Hyderabad-based Pharma company said in a release here.
Commenced construction of new Gene/ADC facility in Hyderabad (Telangana) while Fermentation manufacturing site (Vizag) build up on track as planned and expect the
facility to commence operations by 2026 end, the release said.
Dr. Satyanarayana Chava, Founder & Chief Executive Officer commented; 'We made healthy progress to start the year with increasing contributions from CDMO business and continued advancement of pipeline projects, supported by Generic FDF. We are moving ahead with a strong focus on commercial execution realizing the full potential from promising pipeline opportunities, business development and rapidly enhancing scale and technology capabilities'.
We also commenced construction of various facilities across CDMO, Generics and FDF. Once complete, these facilities will fortify our ongoing commitment of being a high-quality development and manufacturing partner at scale including advanced therapies. We remain confident in our strategic direction and commitment as the source of sustainable value creation now and well into the future, he added.
V V Ravi Kumar, Executive Director & Chief Financial Officer said 'We are pleased to see sustained growth momentum fueled by increasing uptake in CDMO deliveries and healthy business fundamentals. We have achieved revenues of Rs 1,570 crore, representing 31 per cent growth and EBITDA of Rs 389 crore, representing 127 percent growth. The EBITDA margins improved substantially to 24.8 percent, supported by continuing operating leverage. Gross margins stood strong at 59.4 per cent due to favorable CDMO mix and ongoing process improvement initiatives'.
We will continue to invest fully behind high value business opportunities to drive near and long- term growth and returns for our shareholders, he added.
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