Stock Report

Morepen Laboratories Ltd posts consolidated PAT of Rs. 30.47 crore in Q1FY22



Posted On : 2021-07-27 12:53:22( TIMEZONE : IST )

Morepen Laboratories Ltd posts consolidated PAT of Rs. 30.47 crore in Q1FY22

MOREPEN LABORATORIES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.388.31 crores during the period ended June 30, 2021 as compared to Rs.290.76 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.30.47 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.26.76 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.59 for the period ended June 30, 2021 as compared to Rs.0.59 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 388.31 crs₹ 290.76 crsUp Tick 33.55%
Net Profit₹ 30.47 crs₹ 26.76 crsUp Tick 13.86%
EPS₹ 0.59₹ 0.59Up Tick 0%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.388.31 crores during the period ended June 30, 2021 as compared to Rs.258.97 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.30.47 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.19.36 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.59 for the period ended June 30, 2021 as compared to Rs.0.43 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 388.31 crs₹ 258.97 crsUp Tick 49.94%
Net Profit₹ 30.47 crs₹ 19.36 crsUp Tick 57.39%
EPS₹ 0.59₹ 0.43Up Tick 37.21%

Mr. Sushil Suri, Managing Director and Chairman stated, "Our partnership with RDIF to manufacture Sputnik vaccine in India is a big milestone for the company. We have a capacity to manufacture up to 250 million dose per annum that can be ramped up to 500 million doses per annum. We remain committed to fight the battle of Covid and gear ourselves for fast vaccination of the nation. Morepen's commitment towards this project is step forward towards entry into biosimilars and other biologicals."

Shares of MOREPEN LABORATORIES LTD. was last trading in BSE at Rs. 66.7 as compared to the previous close of Rs. 65.3. The total number of shares traded during the day was 227704 in over 1772 trades.

The stock hit an intraday high of Rs. 68.2 and intraday low of 64.6. The net turnover during the day was Rs. 15270914.

Source : Equity Bulls

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