India's Laurus Labs gains after quarterly results

Laurus Labs

04/05/2026 07:27

** Shares of India's Laurus Labs LAUL.NS jump 6.1% to 1,168.20 rupees

** Drugmaker reported quarterly revenue from operations at 18.12 billion rupees ($190.92 million), up 5.3% y/y, driven by a richer product mix

** Net profit up ~19.5% y/y

** BOB Capital Markets sees profitability likely improving; raises FY27 and FY28 EPS estimates by 8% and 1%, respectively

** Brokerage expects sales and EBITDA to grow at a CAGR of 15% and 19%, respectively

** Trading vols at 3 mln shares, vs 30-day avg of 1.8 mln shares

** LAUL rated "hold" on average by 13 analysts, median PT: 1,045 rupees - data compiled by LSEG

** YTD, stock up ~4.8%

($1 = 94.9100 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))