Dr. Lal Pathlabs Q2 Results Review - Concern On Volume Growth: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Dr. Lal Pathlabs Ltd. reported an inline quarter with non Covid revenues up 14% YoY though excluding Suburban from Q2 numbers lead to 6% YoY rise in core company revenues. Suburban sales were largely flat QoQ despite a rise in collection infra though company expects better traction in H2. Margin improved to ~27% and appears to be at peak for FY23 as H2 would typically be weaker in Ebitda generation compared to H1. Dr. Lal Pathlabs refrained from providing any volume guidance even as prima facie there does appear to be some incremental loss of customer footfalls compared to pre-Covid run rate. Given the thrust on expansion of collection network in Dr. Lal Pathlabs and Suburban, we continue to build in low double digit volume growth in FY24 albeit on a revised (lower) base of FY23 of ~27 million versus 33 million earlier..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dr. Lal Pathlabs Q2 Results Review - Concern On Volume Growth: Yes Securities

We continue to build in low double digit volume growth in FY24 albeit on a revised (lower) base of FY23 of ~27 mn vs 33 mn earlier

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