Laurus Labs Results Analysis

Operating Revenue for Q2FY26 is Rs. 1,653 Crs., 35% growth YoY, Total Income is Rs. 1,680 Crs., 36.8% growth YoY, EBITDA is Rs. 403 Crs., 126% growth YoY, EBITDA Margin is 24.39% improved by 982 Basis points YoY, PBT Rs. 270 Crs., 1082.5% growth YoY, PAT Rs. 194 Crs. 875% growth YoY. On QoQ basis Op. Revenue is up by 5.4%, Total Income is up by 6.4%, EBITDA is up by 5.5%, However EBITDA Margin are flat to positive, PBT is up by 20.3% and PAT is also up by 20.3%. Strong quarter with broad-based growth and sharp margin expansion. Balance sheet improving with Net Debt INR 2,100 cr; D/EBITDA 1.3x (vs 1.8x in prior quarter), ROCE 16.3% (vs 9.7% last year), still “compressed due to continued capex investment.”