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For FY19, expect revenue growth to be in mid teens, says Laurus Labs

videos | May 11, 2018 11:57 AM IST

For FY19, expect revenue growth to be in mid-teens, says Laurus Labs

"Going forward, the company foresee a revenue growth in mid-teens for FY19 and earnings before interest, taxes, depreciation, and amortization (EBITDA) to touch 20-25% by 2020," said Satyanarayana Chava, founder and Chief Executive Officer, Laurus Labs.

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Chava said the margins were lower on account of business expansion.
The year-on-year revenues for the quarter were up 17% at Rs 560.24 crore against Rs 480 crore.
However, net profit was down 37% to Rs 45.08 crore against Rs 71.3 core for the same quarter last fiscal. The year-on-year margins came in lower at 21% against 24%.
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