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ICICI Direct Report
Caplin Point Laboratories Ltd.'s Q3 FY21 operational performance was mostly in line with our expectations whereas profitability was below due to lower than expected other income.
Revenues grew 20.2% YoY to Rs 274 crore. Ebitda margins improved 89 basis points YoY to 30.6% due to higher gross margins, lower other expenses partly offset by higher staff costs likely due to acquired subsidiaries.
Hence, Ebitda grew 23.9% YoY to Rs 84 crore. However, profit after tax grew 10.1% YoY to Rs 64 crore due to lower other income and higher tax outgo.
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