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Laurus Labs Ltd. ’s custom integration business grew 365% YoY; Reported strong growth of 25% QoQ to Rs 720 crore; Due to increased demand from new and existing customers.
Revenue from finished dosage forms fell 70 percent to Rs 149 crore, mainly dragged down by lower antiviral business. The main contributing factors are low volume and low prices.
Generic active pharmaceutical ingredients saw 29% YoY growth on the back of strong growth in other APIs, which increased 93.5% YoY to Rs 224 crore, while continuous ARV APIs recovered 21% YoY to Rs 408 crore.
Laurus Bio reported a soft quarter, up 3.8% at Rs 27 crore.
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