- 29 May 2023
- ICICI Securities
CAPLIN POINT REPORTS IN LINE NUMBERS, SUBSTANTIAL BEAT ON MARGINS FRONT
CAPLIPOINT - 1918 Change: -38.00 (-1.94 %)News: Revenues grew 14.8% YoY to Rs 389 crore propelled by LatAm 10.1% YoY growth and US grew 54.7% YoY. EBITDA grew 24% YoY to Rs 123.9 crore, EBITDA margins improved 238 bps YoY to 31.8%. Adjusted PAT grew 27.9% YoY to Rs 101.1 crore.
Views: The company’s new product launches and increased market share from its products aided growth during the quarter. It has also commenced exports to newer markets such as Cambodia, Turkmenistan and Uzbekistan. The strategy to bank on a strong footprint in the smaller LatAm markets, focus on establishing itself in the complex US injectable space besides foraying into bigger LatAm and other global emerging markets has been backed by calculated capex plans to expand existing capacities and greenfield projects. We remain positive on the company's strong earnings profile and focused approach with growth capex.
Impact: Positive