Ipca Laboratories stock price was down 5% after a lackluster December Quarter FY22 results. While the net profit halved, operating margins tumbled more than eight percentage points in Q3FY23. The company is one of the largest manufacturers and suppliers of active pharmaceutical ingredients (APIs) in the world for over a dozen APIs. Ipca Labs manufactures […]
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Retail inflation at 6.52% in January 2023 surprised economists, analysts and the common man. A three-month high consumer price index (CPI) has validated RBI’s hawkish tone in the December monetary policy review. The central bank had raised the repo rate, key benchmark interest rate by 25 basis points. Repo rate is the rate at which […]
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Marico reported consolidated revenues of Rs 2,470 crore, 2.6% YoY increase against Rs 2,407 crore, corresponding quarter previous year. Domestic revenues came in at Rs 1,851 crore up 2% YoY in Q3FY23. International revenues (Rs 619 crore), 25% of total revenue base reported 8% YoY constant currency growth in Q3FY23. Volume growth for December Quarter […]
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Laurus Labs reported consolidated revenues of Rs 1,545 crore in Q3FY23 against Rs 1,029 crore in the same period previous year. While the company reported revenue growth of 50% YoY, sequential revenue and net profit growth fell 2% and 13% respectively in Q3FY23. Operating margins at 26.1% too witnessed 160 basis points (bps) fall in […]
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