30-Oct-2026 07:46:09
LAURUSLABSGeneral news
GOLDMAN SACHS ON LAURUS LABS ; SELL | TP ₹1,600 (EARLIER ₹1,425)
• Goldman Sachs maintains Sell rating on Laurus Labs but raises target price to ₹1,600 from ₹1,425. • Q2 revenue grows 33% YoY, while EBITDA surges 86% YoY, with EBITDA margin at 34%. • CDMO revenue jumps approximately 86% YoY, supported by late-stage projects and commercial API supplies. • Strong CDMO performance drives revenue growth and margin expansion. • Goldman Sachs raises FY27–29 EPS estimates by 17–22% but flags expensive valuations at approximately 75x FY28 P/E.
LAURUS LABS LIMITED