Acquisition of biologics manufacturing facility in Bangalore to complete by the end of the third quarter in FY 24
The 'A+' rating reflects IOL's robust business model, diversified product portfolio
Sajjan India Limited is looking for expansion, both organically and through acquisitions, to achieve the planned growth
For Q4 ended FY23, company reported net profit of Rs. 12.56 crore as against net profit of Rs. 11.02 crore in the corresponding period last year
Q4 results was challenging driven by steep fall in CDMO revenues and higher upfront cost of Capex projects and R&D projects
Operating EBITDA grew by 82.7 % to Rs. 14.4 crore, EBITDA margin at 23.9%, and Profit After Tax (PAT) grew by 47.1% to Rs. 7.8 crore
Profit after Tax stood at Rs. 106 crore as compared to Rs. 84 crore registering growth of 26%
The company is pleased to report positive performances from all divisions this quarter. Growth in our research divisions, Discovery Services and the Dedicated Centres was solid
Within the API segment, ~20% of the revenues came from the domestic market and ~80% from the exports market
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