Laurus Labs
Laurus Labs’ net profit fell 55% for the quarter ended March to Rs 103 crore. The company’s revenue during the quarter also dipped by a marginal 3% to Rs 1,381 crore. The firm has reported an EBITDA of Rs 287 crore, down 28% year-on-year (YoY), while margins came in at 20.8%.
“FY23 has been a year of significant achievement and meaningful progress despite a challenging macro environment. We delivered strong full-year results driven by robust underlying business performance in our key growth pillars CDMO, and Non-ARVs generic portfolio,” said Founder and CEO Satyanarayana Chava.
“Our Q4 results were challenging, driven by a steep fall in CDMO revenues and a higher upfront cost of capex projects and R&D Projects,” said V V Ravi Kumar, CFO, of Laurus Labs.
Indian Hotels
Indian Hotels posted a net profit of Rs 328 crore, which has grown by a massive 343% compared with Rs 74 crore in the year-ago period.
The company’s revenue from operations surged 86% YoY to Rs 1,625 crore for the reporting quarter. The same stood at Rs 872 crore in the corresponding quarter of last year.The iconic brand Taj has reached a portfolio of 100 hotels and has more than doubled its room inventory over the past five years.With a record signing of 36 hotels in FY23, Indian Hotels’ portfolio now stands at 260+ hotels.
Glenmark Life
Glenmark Life’s profit for the March quarter jumped 48% YoY to Rs 146 crore, while revenue from operations jumped 21% YoY to Rs 621 crore. The company clocked an EBITDA of Rs 209 crore, up 42% YoY.
Generic API revenues in the fourth quarter increased by 15% YoY. The company said it saw steady growth momentum across regulated as well as emerging markets with a strong recovery in GPL business and steady growth in external API business led the growth.
Motilal Oswal
Motilal Oswal’s consolidated net profit is down about 45% YoY to Rs 165 crore against Rs 299 crore in the same period last year.
The company’s revenue from operations also fell 2% to Rs 1,027 crore over the previous year period. The company also declared a final dividend of Rs 3 per share for the financial year 2022-23.
The profit for the capital market business stood at Rs 135 crore, and that from the asset and wealth business stood at Rs 66 crore.
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