Motilal Oswal reiterates buy on Laurus Labs with INR1,980 target
Laurus Labs reported a strong 1QFY27 earnings beat, with revenue, EBITDA, and net profit exceeding expectations on CDMO and formulations strength. Commercial and late-stage clinical supplies, plus a customer's global regulatory approval, improve order visibility and support continued manufacturing investment. The news is equity-specific and signals improving operating leverage and demand durability, but has limited broader cross-asset market impact.
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Laurus Labs reported 1QFY27 results, with revenue, EBITDA and net profit beating market expectations by 14%, 31% and 53%, respectively, marking a record quarter. The growth was led by its CDMO and formulations (FDF) businesses, supported by commercial supplies and deliveries for late-stage clinical projects. It also cited improved order visibility after a customer received global regulatory approval for a product, according to Motilal Oswal. Based on this, the brokerage set a target price of INR1,980, valuing the stock at 65x forward earnings.