Caplin Point jumps after healthy Q2 numbers

The pharma company's net profit rose 32% to Rs 57.30 crore in Q2 September 2019 over Q2 September 2018.

On year on year basis, consolidated revenue from operation jumped 45.77% in September 2019 quarter to Rs 227.20 crore.

Consolidated EBITDA rose 24% to Rs 78 crore in Q2 September 2019 from Rs 62.8 crore in Q2 September 2018. EBITDA margin contracted to 33% in Q2 September 2019 as against a 39% in Q2 September 2018.

Caplin Point Laboratories is a fast growing pharmaceutical company with a unique business model catering predominantly to emerging markets of Latin America and Africa. The company has a state of the art manufacturing facilities that cater to a complete range of finished dosage forms.

 

Shares of Caplin Point Laboratories traded 2.94% higher at Rs 397.40.

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