Lasa Supergenerics Ltd secures new order of Rs. 500 million

Lasa Supergenerics Limited, India's Leading API Manufacturer, announced that it has secured a new order of ₹ 500 Million from just 5 customers.

With the efforts of the Marketing Team and the quality of product it offers, the company was able to grab the order of ₹ 500 Million from only 5 customers in highly competitive market scenario. Such a huge order in the beginning of the financial year shall help the company to boost its production and contribute to the top line of Company.

Besides day-to-day business this bulk order will flood the Order Books yet again for this fiscal which shall help the Company not only to recover the losses incurred in the last financial year due to Natural Calamities but also to contribute towards bottom line and achieve even greater heights.

Commenting on this development, Dr. Omkar Herlekar, Chairman & Managing Director, Lasa Supergenerics said: "This is just the beginning of the Fiscal and our team was able to grab the opportunity. We are thankful for our customers for having such a great confidence in us. This was not possible without the efforts of our production team for manufacturing such a quality products with monopolistic approach in the segment. We are looking forward to receive such bulk orders from overseas customers in near future.

These bulk orders will contribute in topline of the Company as well as help in improving EBITA of the Company. Moreover we are working in making all our products fully backward integrated which shall boost return on capital of the Company, we shall continue to remain committed to growth.

We were excited to share the name of the customers with all our stake holders along with other terms of the order. However, due to restrictions as imposed by NDA signed we retain the same with us and assure you for more bulk orders in coming month."

Shares of Lasa Supergenerics Limited was last trading in BSE at Rs. 57.90 as compared to the previous close of Rs. 57.40. The total number of shares traded during the day was 35719 in over 587 trades.

The stock hit an intraday high of Rs. 60.00 and intraday low of 56.80. The net turnover during the day was Rs. 2090138.00.

Source : Equity Bulls

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LasaSupergenerics INE670X01014 OrderWIn