Sinovac biotech, Company

Lasa Supergenerics Limited, a vertically integrated group spanning the entire animal and human healthcare value chain has announced its financial results for the fourth quarter and Financial Year ended March 31, 2021.FY21 Performance overview compared with FY20Revenue from operations ups by 20.98% Y-o-YRevenues from operations stood at Rs. 202.38 crore as compared to 167.27 croreEBITDA of Rs. 47.28 crore; Y-o-Y growth of 56.63%EBITDA margins at 23.36%PAT stood at Rs. 22.80 crore as compared to a profit of Rs. 3.66 crore in FY20 ups by 521% Y-o-YEPS for FY21 stood at Rs. 5.60, as compared to Rs. 1.26 for FY20For fourth quarter ended March 31, 2021Revenues from operations for the fourth quarter ended March 31, 2021 (Q4FY21) at Rs. 39.10 crore. The Company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs. 9.08 crore in Q4FY21, as against Rs. 12.75 crore in Q3FY21. The Company's EBITDA margin stood at 23.24%.The Company reported PAT of Rs. 3.82 crore for Q4FY21. The Company's PAT margin stood at 9.76%. Earnings per share (EPS) for the quarter ended Q4FY21 stood at Rs. 0.93.For financial year ended March 31, 2021Total Income for the FY21 ended March 31, 2021 at Rs. 202.38 crore. The Company reported Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of Rs. 47.28 crore in FY21, as against Rs. 30.18 crore in FY20; up 56.63%. The Company's EBITDA margin improved from 18.04% in FY20 to 23.36% in FY21.The Company reported a healthy increase in its PAT to Rs. 22.80 crore for FY21, as compared to a profit of Rs. 3.67 crore in the last fiscal. The Company's FY21 PAT margin stood at a robust 11.26%, as against 2.19% in FY20.The finance cost drastically reduced from 8.10 crore in FY20 to Rs. 1.96 crore in FY21 and ultimately making it NIL in Q4FY21. The Current Ratio improved from 1.00 in FY20 to 1.59 in FY21.Commenting on the performance, Dr Omkar Herlekar, Chairman - Lasa Supergenerics Limited, said, "The Company under the right leadership and skilled teams turned net positive to post a PAT in last fiscal and now dividend paying company with a robust growth in top via a vis bottom line. As I always say let our action speaks, results are in line with our commitments of 20% CAGR in topline, what we committed we delivered, we foresee further growth in our numbers if compared to existing. None the less as you see we have initiated dividend payments from this fiscal which we aim to continue with a decent growth every quarter or a fiscal depending upon the market scenarios."Incorporated in 2011, Lasa Supergenerics Limited is a globally well trusted brand with high quality products, accepted by large companies across the globe. Our Company is the pioneer and amongst the leading players in the manufacturing of Veterinary APIs, with a well-established brand known for its high-quality products amongst various customers.The Company has its unit with state of art manufacturing facilities located at Mahad & Chiplun, Maharashtra with a total installed capacity of 4,300 MT. The Company has over 25% of APIs exported to counties like Australia, Bangladesh, Middle East, China, Turkey, Egypt, Jordan, Korea, Pakistan etc.This story is provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Sinovac BiotechFOLLOW

Sinovac biotech, Latest News

Prabhuji Online, India's fastest growing technology enabled "Subscription Commerce Company", has raised an undisclosed amount of funds in pre-series A round from Singapore and India based marquee angel investors. ...

Godfrey Phillips India bags the coveted title of Best Companies to Work For 2021. Participating for the third year, Godfrey Phillips India received a ranking of 28th this year. ...

Kuala Lumpur, June 16 Malaysia will soon receive a contribution of CoronaVac Covid-19 vaccine developed by Chinese pharmaceutical company ... ...

Lasa Supergenerics Limited (BSE: 540702, NSE: LASA), pioneer and amongst the leading players in the manufacturing of Veterinary and Human APIs in India through its catalyst chemistry expertise and fully backward integrated unit, has added another pro ...

Mumbai, June 7 ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all ... ...

Mumbai, June 1 Covid's second wave, along with high fuel prices, dented the sequential growth of major automobile ... ...

Kuala Lumpur, June 2 The World Health Organization (WHO)'s approval of the CoronaVac Covid-19 vaccine developed by Chinese ... ...

Lasa Supergenerics Limited, a vertically integrated group spanning the entire animal and human healthcare value chain has announced its financial results for the fourth quarter and Financial Year ended March 31, 2021. ...