InvestorQ : How do you see the latest results of IPCA Laboratories for the Mar-20 quarter and what will be the impact on the stock?
Katherine Gonsalves made post

How do you see the latest results of IPCA Laboratories for the Mar-20 quarter and what will be the impact on the stock?

Answer
user profile image
Rutuja Nigam answered.
4 months ago


IPCA Laboratories reported 43% jump in net profit at Rs.653 crore for the full fiscal year FY20. Top line revenues also grew by 20% at Rs.4432 crore for fiscal 2020. Fortunately for IPCA, it was exempted from the lockdown as pharma production was classified as an essential product by the central and state governments. While the company continued manufacturing operations at all facilities, it did face practical challenges like shortage of manpower, non-availability of materials and disruptions to the supply chain; apart from a transport crunch. The good thing was that nearly 48% of the income came from exports and that was up by 24% in the year. Even the March quarter profits were higher by 16% at Rs.127 crore as the disruption in supply chains only happened in the second half of March onwards. It is estimated that a bigger impact may be visible in the June quarter.