Laurus Labs Doubles Exports in May, Showcasing Remarkable Growth
Laurus Labs, a pharmaceutical company, has experienced a significant increase in its export performance for May. The company's exports have more than doubled, showing a 104.00% increase compared to the same period last year. This surge indicates an expansion of Laurus Labs' global footprint and suggests potential for enhanced revenue from international sales. The growth also implies improved operational efficiency and a strengthened position in the global pharmaceutical market.
Laurus Labs Limited reported robust Q4 FY25 results with 19% revenue growth to Rs 1,720.00 crore and tripled net profit to Rs 234.00 crore. For FY26, the company projects EBITDA margins of 24.00-24.50% and expects better revenue growth than FY25. The CDMO segment is anticipated to match generics contribution in the next five years. Strong demand in CDMO, asset leverage, and operational efficiency are driving the positive outlook.
Laurus Labs Secures USFDA Approval for API Facility in Andhra Pradesh
Laurus Labs Limited has received the Establishment Inspection Report (EIR) from the USFDA for its API manufacturing facility in Atchutapuram, Andhra Pradesh. The inspection, conducted from January 27 to 31, 2025, validates the company's compliance with good manufacturing practices. This approval strengthens Laurus Labs' position in the global pharmaceutical supply chain and potentially opens up new opportunities in the U.S. market.
Laurus Labs, a leading Indian CDMO, reported an 18% YoY increase in total exports to $53 million, with Q4 exports surging 60% YoY. The company will announce its Q4 and FY25 results on April 24, 2025, along with considering a 2nd Interim Dividend. An earnings call is scheduled for the same day at 5:00 PM IST. Laurus Labs, founded in 2005, is a global leader in API manufacturing with 14 manufacturing sites and over 6,700 employees.
07Mar 25
Laurus Labs Invests ₹83.3 Crore in KRKA Pharma JV for New Manufacturing Facility
Laurus Labs Limited has approved an investment of ₹83.3 crore in its joint venture, KRKA Pharma Private Limited. The total investment of ₹170 crore, including ₹86.7 crore from co-venturer KRKA d.d., Novo Mesto, Slovenia, will be used to acquire land for a new manufacturing facility, cover initial setup costs, and produce finished products for new markets, including India. The shareholding ratio will remain at 51:49 (KRKA d.d., Novo Mesto : Laurus Labs). The investment, expected to be completed by March 31, 2025, aligns with Laurus Labs' long-term growth strategy in the pharmaceutical industry.
21Feb 25
Laurus Labs Faces Delay in USAID HIV Funds Release Despite Favorable Court Ruling
Laurus Labs, a major pharmaceutical company, has won a court ruling regarding USAID HIV funds but is unable to access them. This delay could impact the company's HIV drug production and distribution, potentially affecting operational targets and financial performance. The situation introduces uncertainty into Laurus Labs' financial outlook, with potential implications for its market position and investor confidence. No official statement has been released by the company regarding this matter.