How NEULAND Lab’s Q4 Results Beat Analysts’ Expectations and Boosted Its Stock Price

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NEULAND Lab, a leading manufacturer of active pharmaceutical ingredients (APIs) and an end-to-end solution provider for the pharmaceutical industry’s chemistry needs, announced its financial results for the quarter and year ended March 31, 2023. The company reported record revenue and profit, beating analysts’ expectations and boosting its stock price.

According to the company’s press release, the key highlights of the Q4 results are:

  • Revenue increased by 32.6% year-on-year (YoY) to Rs. 2,724 million
  • EBITDA increased by 51.8% YoY to Rs. 602 million
  • EBITDA margin improved by 280 basis points YoY to 22.1%
  • Profit after tax increased by 76.9% YoY to Rs. 315 million
  • Earnings per share increased by 76.9% YoY to Rs. 23.5

The company attributed its strong performance to its diversified product portfolio, robust demand from global markets, operational efficiency, and innovation-led growth. The company also declared a final dividend of Rs. 5 per share for FY2023.

The Q4 results were well received by the market and the investors. The company’s stock price surged by 20% on May 11, 2023, the day of the announcement, and closed at Rs. 2,124.9 on BSE. The stock has gained over 150% in the past one year, outperforming the BSE Healthcare Index.

The company’s management expressed confidence in its future prospects and growth strategy. The company’s CEO, Mr. Saharsh Davuluri, said: “We are delighted to report a strong performance for Q4 and FY2023 despite the challenging environment due to the COVID-19 pandemic. We have delivered on our guidance and achieved record revenue and profit growth. Our diversified product portfolio, global customer base, operational excellence, and innovation capabilities have enabled us to overcome the headwinds and create value for our stakeholders. We are well-positioned to capitalize on the opportunities in the API market and continue our growth momentum in FY2024 and beyond.”

NEULAND Lab’s Q4 results demonstrate its resilience and leadership in the API industry. The company has proven its ability to deliver consistent and superior results amid uncertainty and volatility. The company has also shown its commitment to innovation and quality, which are the key drivers of its long-term growth and value creation.

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