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Laurus Labs Q4 Results: Cons PAT increased 19% to Rs 279 crore, revenue rises 5%

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Laurus Labs Q4 Results: Cons PAT increased 19% to Rs 279 crore, revenue rises 5%
Laurus Labs reported a consolidated net profit of Rs 279 crore in the March-ended quarter versus Rs 234 crore in the year ago period, implying a 19% uptick. The profit after tax (PAT) is attributable to the equity holders of the company. The company’s revenue from operations in Q4FY26 stood at Rs 1,812 crore compared to Rs 1,720 crore in the corresponding quarter of the last financial year, rising by 5%.

The PAT is up 11% quarter-on-quarter from Rs 252 crore in Q3FY26 while the topline was 2% higher sequentially versus Rs 1,778 crore in the October-December quarter of FY26.

The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the quarter under review stood at Rs 523 crore, rising 10% over Rs 477 crore in Q4FY25. It was 8% higher sequentially.

Company’s gross margins stood at 61.4%, up from 54.5% in the year ago period. It rose 690 bps YoY and 50 bps QoQ.

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The R & D spends were reported at Rs 76 crore which is 4.2% of revenues.


The company’s board of directors approved the payment of second interim dividend of Rs 1.20 for the financial year 2025-26 and has fixed May 8, 2026 as the record date for determining the eligibility of the shareholders. The Dividend amount will be paid on or after May 20, 2026.
The net profit for FY26 stood at Rs 889 crore, which increased 148% from Rs 358 crore in FY25. The revenues in FY26 stood at Rs 6,813 crore, which increased 23% driven by continued strong growth across both CDMO and Affordable Medicine (Generics) division.The full-year EBITDA stood at Rs 1,826 crore, which increased by 64% YoY.

The company in its filing to the exchanges said strong OCF (operating cash flow) was due to higher EBITDA and improved net working capital. The net debt to EBITDA reduction was largely in line and better operating leverage drove ROCE while CAPEX momentum continued.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Bombardier: From Turnaround To A Shareholder Returns Story (OTCMKTS:BDRAF)

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Bombardier: From Turnaround To A Shareholder Returns Story (OTCMKTS:BDRAF)

This article was written by

Dhierin-Perkash Bechai is an aerospace, defense and airline analyst.
Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors.
Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Martinrea Q1 2026 slides: margins expand despite revenue decline

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Martinrea Q1 2026 slides: margins expand despite revenue decline


Martinrea Q1 2026 slides: margins expand despite revenue decline

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Vistance Networks, Inc. (VISN) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-04-30 Earnings Summary

EPS of $0.34 beats by $0.12

 | Revenue of $471.80M (-57.58% Y/Y) beats by $9.95M

Vistance Networks, Inc. (VISN) Q1 2026 Earnings Call April 30, 2026 8:30 AM EDT

Company Participants

Jenny Thompson – Head of Investor Relations
Charles Treadway – President, CEO & Director
Kyle Lorentzen – Executive VP & CFO

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Conference Call Participants

Samik Chatterjee – JPMorgan Chase & Co, Research Division
Amit Daryanani – Evercore ISI Institutional Equities, Research Division
George Notter – Wolfe Research, LLC
Kevin Niederpruem – BofA Securities, Research Division
Timothy Savageaux – Northland Capital Markets, Research Division

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Presentation

Operator

Good day, and thank you for standing by. Welcome to the Vistance Networks First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Jenny Thompson, VP of Investor Relations. Please go ahead.

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Jenny Thompson
Head of Investor Relations

Good morning, and thank you for joining us today to discuss Vistance Networks 2026 First Quarter Results. I’m Jenny Thompson, Vice President of Investor Relations for Vistance Networks. And with me on today’s call are Chuck Treadway, President and CEO; and Kyle Lorentzen, Executive Vice President and CFO.

You can find the slides that accompany this report on our Investor Relations website. Please note that some of our comments today will contain forward-looking statements based on the current view of our business, and actual future results may differ materially. Please see our recent SEC filings, which identify the principal risks and uncertainties that could affect future performance.

Before I turn the call over to Chuck, I have a few housekeeping items to review. Today, we will discuss certain adjusted or non-GAAP financial measures, which are described in more detail in this morning’s earnings materials. Reconciliations of our non-GAAP financial measures and other associated disclosures are contained in our earnings materials and posted on our website. All references during today’s discussion will

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Two Powerball Tickets Split $143 Million Jackpot in Indiana and Kansas

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Powerball tickets rest on a 7-Eleven store register January 9, 2016 in Chicago, Illinois.

DES MOINES, Iowa — Two lucky tickets sold in Indiana and Kansas matched all six numbers in Wednesday night’s Powerball drawing to split a $143 million jackpot, while dozens of other players across the country became instant millionaires with $1 million and $2 million prizes in one of the luckiest drawings in recent memory.

Powerball tickets rest on a 7-Eleven store register January 9, 2016 in Chicago, Illinois.
Powerball

The winning numbers drawn Wednesday, April 29, were 3, 19, 35, 51 and 67, with a Powerball of 15. The Power Play multiplier was 2x, boosting secondary prizes for players who opted into the add-on. The jackpot carried an estimated cash value of $65.2 million before taxes.

Powerball officials confirmed the two jackpot-winning tickets were sold in Indiana and Kansas. Each winner will receive approximately $71.5 million before taxes if they choose the annuity option paid over 30 years, or a lump-sum cash payout of roughly $32.6 million each after federal and state taxes, depending on their residency. Winners have up to 180 days in most states to claim their prizes.

The drawing produced an extraordinary number of high-tier winners. A total of 62 tickets matched the first five white balls for the $1 million prize, with another 27 tickets that also included the Power Play option doubling their winnings to $2 million. That means nearly 90 new millionaires were created in a single night across more than 20 states.

The $2 million prizes (Match 5 plus Power Play) were sold in: Arkansas, Illinois, Indiana (five winners), Kansas, Louisiana (five), Mississippi, New Jersey (four), Oregon (three), Pennsylvania (two), Rhode Island, South Carolina and Wisconsin (two).

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The $1 million prizes (Match 5 without Power Play) landed in: Arizona, Arkansas, California, Georgia, Illinois (three), Indiana (14), Kansas (five), Kentucky, Louisiana (six), Michigan, Minnesota, Missouri, Nebraska (two), New Jersey (14), Oregon, Pennsylvania (five) and Wisconsin (four).

Indiana emerged as one of the biggest winners of the night, with 14 tickets claiming $1 million and five more securing $2 million, in addition to its share of the jackpot. New Jersey followed closely with 14 $1 million winners and four $2 million prizes.

The surge in big prizes reflects strong ticket sales as the jackpot climbed from $130 million earlier in the week. Powerball, played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, typically sees sales accelerate as jackpots grow into nine figures.

Lottery officials have not yet released exact retailer locations for the jackpot tickets, but winners in Indiana and Kansas are already being urged to sign the back of their tickets, secure them in a safe place and contact their state lottery offices for guidance on claiming. Anonymity rules vary by state — some allow winners to remain private while others require public disclosure.

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Financial advisers caution that sudden wealth brings complex decisions. Winners should assemble a team including a tax professional, financial planner and attorney before claiming. The lump-sum option provides immediate funds but triggers higher immediate taxes, while the annuity spreads payments and taxes over decades.

This drawing stands out for its breadth of winners. While most large Powerball jackpots produce one or two top-tier matches, Wednesday’s combination of numbers apparently resonated widely, creating what some are calling one of the “luckiest” recent drawings in terms of millionaire creation.

The jackpot now resets to an estimated $20 million for Saturday’s drawing, with a cash value of about $9.1 million. Sales typically slow after a jackpot is hit, but interest often rebuilds quickly.

Powerball’s popularity stems from its massive top prizes and the relative ease of play: players select five numbers from 1 to 69 and one Powerball from 1 to 26. Tickets cost $2, or $3 with the Power Play option. Odds of hitting the jackpot are approximately 1 in 292.2 million, making Wednesday’s dual winners especially rare.

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State lotteries use proceeds for education, infrastructure, public safety and other programs. In many states, a significant portion supports schools or veterans’ programs. Wednesday’s drawing will contribute millions more to those causes.

For players who didn’t win big but matched fewer numbers, smaller prizes remain available. Matching just the Powerball pays $4, while the Power Play boosts lower-tier prizes as well. Full prize details and retailer locations for secondary winners are available on state lottery websites.

Lottery experts note that while jackpots capture headlines, the real story often lies in the distribution of prizes. Wednesday’s drawing distributed tens of millions in prizes beyond the jackpot, spreading wealth across the country and highlighting the game’s broad appeal.

As the two jackpot winners step forward in coming weeks, their stories will likely emerge — tales of routine ticket purchases that changed lives overnight. For now, the focus remains on celebration for the dozens of new millionaires who can begin planning life-changing moves, from paying off debts to funding dreams or supporting family.

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The next Powerball drawing is scheduled for Saturday, May 2, at 10:59 p.m. Eastern time. While the jackpot is smaller, players still have a chance at life-altering prizes, especially with the possibility of it rolling over again.

Wednesday’s results serve as a powerful reminder that someone has to win — and on this night, fortune smiled on players from coast to coast. Whether claiming a share of the $143 million or one of the many million-dollar prizes, these winners represent the enduring allure of the lottery: the dream that a single ticket can rewrite a life story in an instant.

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20,000 people taking drug, Ricks says

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20,000 people taking drug, Ricks says
Eli Lilly CEO David Ricks on Q1 results, Zepbound-Mounjaro sales growth and launch of Foundayo pill

More than 20,000 people have started taking Eli Lilly‘s GLP-1 pill Foundayo in its first few weeks on the market, Lilly CEO Dave Ricks told CNBC on Thursday.

The FDA approved Lilly’s once-daily pill Foundayo earlier this month, making it the second oral GLP-1 drug behind Novo Nordisk’s Wegovy pill. Investors have been closely tracking weekly prescriptions for clues on how the launch is going.

More than 1,000 people are starting Foundayo a day, Ricks said in an exclusive interview with CNBC. He said it’ll take time to build the brand since it’s a new drug that doctors and patients don’t know. He contrasted it against the launch of the company’s Zepbound weight loss injection, which had the same active ingredient as its existing diabetes drug, Mounjaro, and against Novo’s Wegovy pill, which had the same brand name and active ingredient as the shot.

“So what we’re seeing now is basically organic demand, which is pretty strong to us,” Ricks said.

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“This is going to play out over quarters, not days, and I just ask people to take a beat and let us execute,” Ricks said. “I think it’s going to be just fine.”

More than 80% of people taking Foundayo are new to GLP-1s, he said.

Ricks spoke to CNBC after Eli Lilly posted first-quarter earnings and revenue that easily beat expectations. Due to the timing of the launch, Foundayo was not included in the results.

During the quarter, sales of Mounjaro and Zepbound spiked 125% and 80%, respectively.

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Eli Lilly is trying to maintain its dominance in the GLP-1 market following the successful launch of Novo Nordisk’s oral drug. It held a 60.1% share of the U.S. obesity and diabetes drug market in the first quarter, versus 39.4% for Novo Nordisk, according to an earnings presentation.

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LARRY KUDLOW: Never bet against the Trumpian America First economy

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LARRY KUDLOW: No sock puppet — Kevin Warsh will bring a gust of fresh air to the Federal Reserve

If any of the Iranian thugs from the Islamic Revolutionary Guard Corps think a minor bump up in gas prices is gonna kill the American economy, and force President Trump to withdraw our military and make some watered-down Obama-Biden deal, those thugs had better think twice. Not only is Mr. Trump not going to back down on his key demands to end Iran’s nuclear capability, and transfer the enriched uranium to America from Iran, and stop the state-sponsored terrorism, and long-range missile building, but the economic fact is the American economy is doing quite well despite the bump in gas prices.

It’s the Iranian economy that’s sinking and will continue to sink with the United States Navy’s blockade, basically ending Iran’s money and ability to pay their IRGC troops. The IRGC controls about a third of Iran’s economy. And roughly half of their energy revenues. They’ve been stealing and looting from the Iranian people for decades. It’s like a mafia-run operation. And Mr. Trump and Treasury man Scott Bessent are putting an end to it. Secretary Bessent spoke to me last night about Operation Economic Fury.

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“The president gave the operation, gave the order for maximum pressure campaign more than a year ago,” Mr. Bessent said. “It was that pressure that brought the Iranian economy to a standstill,” and “the largest bank in Iran collapsed. The central bank had to monetize the debt, and that created massive inflation.” He added that “their currency is down about 60 or 70 percent versus the U.S. Dollar, so they’re in the middle of a currency crisis. And what we’re doing now is we’ve been in a long race and we are sprinting for the finish line.”

Now, as far as the American economy. Lots of good economic numbers today and a record-breaking stock market. Over the past year, real GDP has increased 2.7 percent. If the Democrats hadn’t shut down the economy last winter, we’d have had growth higher than 3 percent. Yet inside that number the One, Big, Beautiful Bill and its 100 percent cost expensing has produced an amazing business investment boom. It’s up by 17 percent in the first quarter and almost 10 percent over the past year. It’s huge. And don’t forget record-breaking tax refunds from the One, Big, Beautiful Bill used by more than 50 million Americans, which is offsetting the temporary gas price spike, and even then consumer spending doing better than you think, up nearly 2.5 percent over the past year.

And more recently in April, Redbook consumer sales year to year in April rose almost 7 percent. Our energy dominance is producing record-breaking exports of oil, diesel and gasoline fuels. Here at home we’re setting oil production records.

Here’s one other thing, inflation numbers came in a bit on the high side today, but call me skeptical, the Cleveland Fed’s median consumer price index is up only 2.7 percent over the past year. And its 16 percent trimmed mean, a weighted average of recent inflation statistics, is up 2.6 percent. Unit labor costs rose by 2.4 percent. And the big, big story is profits, the mothers’ milk of stocks and the lifeblood of the economy. Profits drive business, and business drives the economy. Profits and profit margins are breaking records, running 15 percent or better, and that’s driving productivity. And that’s producing an economy that’s the envy of the world.

Once the world normalizes, the American economy will grow even faster, and the inflation rate will move even lower. Remember this, though, it is the strong American economy that is creating the resources to destroy gruesome Nazi-like regimes such as Iran. Never bet against the Trumpian America First economy.

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Value 360 Communications IPO: Rs 41.7 crore issue opens May 4. Check price band, GMP, other details

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Value 360 Communications IPO: Rs 41.7 crore issue opens May 4. Check price band, GMP, other details
The initial public offering (IPO) of Value 360 Communications Limited will open for bidding on Monday, May 4. The company plans to raise Rs 41.69 crore via the issue which will end on Wednesday, May 6.

The initial public offering will comprise up to 42.54 lakh equity shares of R 10 face value at price range of Rs 95 to Rs 98 per share per share.

Following the IPO, the company’s shares will be listed on SME platform NSE Emerge.

The public relations and communications company will use the proceeds of the IPO to power the next phase of growth.

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The funds will be utilised for capital expenditure towards infrastructure and cutting-edge technology for expansion into content production verticals, investment in influencer marketing platform Irida Interactive Private Limited (ClanConnect) and expanding ownership to fulfil potential acquisition in the near future.


Some part of the proceeds will also be used for prepayment or repayment of certain outstanding borrowings, for working capital requirement and general corporate purposes.
Value 360 Communications IPO GMP
The shares of SME IPO were not commanding any grey market premium (GMP) so far.
Lead managers
Horizon Management Private Limited has been appointed as the Book Running Lead Manager (BRLMs) to the issue, while KFin Technologies Limited will serve as the registrar to the Issue.

About the company
Value 360 Communications Limited is an integrated communications and marketing solutions provider, offering end-to-end services across public relations, digital marketing, influencer marketing, and strategic communications.

Established in 2007, the company has evolved into a full-service platform delivering data-driven and AI-powered marketing solutions to a diverse clientele across industries.

As on January 2026, the company reported total income of Rs 55.07 crore and net profit of Rs 7.61 crore.

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(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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FDA proposes excluding Novo, Lilly GLP-1s from compounding list

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FDA reversals on UniQure, Moderna approvals worry investors

The headquarters of the U.S. Food and Drug Administration in Silver Spring, Maryland, Nov. 4, 2009.

Jason Reed | Reuters

The ⁠Food and Drug ⁠Administration on Thursday proposed ​excluding the active ingredients in Novo Nordisk ‌and Eli Lilly‘s blockbuster obesity and diabetes medications from the ⁠list ⁠of drugs that outsourcing facilities can use for ​compounding in bulk.

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If that proposal is finalized, the exclusion would likely limit the mass compounding — or the making of custom, often cheaper alternatives — of those medicines ​unless they appear on the FDA’s ⁠drug shortage ⁠list. The agency said it will consider public comments, which can be submitted until late June, before making a final decision.

The FDA finds “no clinical need” for outsourcing facilities to compound them from bulk drug substances, the agency said in a release.

The proposal includes semaglutide, the active ingredient in Novo’s obesity drug Wegovy and diabetes counterpart Ozempic, and tirzepatide, which is in Lilly’s weight loss injection Zepbound and diabetes shot Mounjaro. It also covers ⁠Novo’s older molecule liraglutide.

“When FDA-approved drugs are available, ​outsourcing facilities cannot lawfully ​compound ⁠using bulk drug substances unless there is a clear clinical ⁠need,” ​FDA Commissioner Marty ​Makary said in the release.

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The agency’s proposal specifically targets 503B outsourcing facilities, which manufacture compounded drugs in bulk with or without prescription and are largely regulated by FDA guidelines. 

The proposal does not impact 503A pharmacies, which make compounded drugs according to individual prescriptions for a specific patient and are largely regulated by states rather than the FDA. 

Lilly and Novo have invested billions to ramp up manufacturing capacity over the last several years, which has helped alleviate supply constraints. The companies have also pursued efforts to make their branded medications more affordable to win over users who had flocked to cheaper compounded medications.

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US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger

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US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger


US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger

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A Future Leader in Education and Service

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A Future Leader in Education and Service

Leadership does not always start in a boardroom. Sometimes it starts in a classroom. Sometimes it starts on a construction site in rural West Virginia.

For Schuyler Tansey, it started early in New York City.

Born and raised in midtown Manhattan, Schuyler grew up surrounded by energy, culture, and opportunity. Today, she is a sophomore at Xavier University in Cincinnati, Ohio, majoring in elementary education. Her focus is clear: serve, teach, and build strong communities through education.

Her path has not been linear. It has been intentional.

Early Life in New York City

Schuyler attended Loyola School in New York City. While there, she was part of the Mock Trial Cheering Squad — a small but spirited group that supported classmates during competitions.

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Growing up in Manhattan exposed her to a wide range of people and perspectives. That diversity shaped her interest in service.

Her early experiences built confidence and curiosity. They also planted the seeds for her career choice.

Why Did Schuyler Tansey Choose Elementary Education?

After high school, Schuyler enrolled at Tulane University. Over time, she realized she wanted to pursue elementary education — a program Tulane did not offer. She made a difficult decision to transfer.

“I had to be honest with myself,” she says. “If I wanted to teach, I needed to be in the right program.”

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She transferred to Xavier University in Cincinnati, Ohio, where she is now a sophomore majoring in elementary education.

That shift reflects a leadership trait often overlooked: course correction.

Her academic focus centers on building strong foundational skills for children. Research consistently shows that early childhood education impacts long-term academic performance, income potential, and community stability.

Schuyler understands that.

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“Elementary school is where everything begins.”

Global Perspective Through Study Abroad

Schuyler also attended Richmond University in London for a semester abroad. Studying overseas expanded her understanding of global education systems.

“It reminded me that education is both local and global.”

Community Service as a Core Commitment

Outside of academics, Schuyler’s resume reflects deep involvement in service.

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She volunteered in Mingo County, West Virginia, helping build for people in need. She worked at the Romero Center in Camden, New Jersey. She has served at St. James Church in New York and participated in the Ines tutoring program at her time at the Loyola School.

These are not short-term activities. They are ongoing commitments.

Housing insecurity remains a challenge in many parts of the United States. Service projects like these expose volunteers to economic realities beyond their own communities.

“Service takes you out of your bubble,” she says. “It teaches humility.”

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At the Romero Center and other organizations, she worked directly with cleaning up and beautifying the community.

How Service Shapes Her Leadership Style

Schuyler views teaching as more than lesson plans and grading.

“Kids notice when you’re present,” she says. “They notice when you care.”

Her volunteer work has strengthened her patience and listening skills. Those are practical leadership tools in a classroom.

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Research shows that strong teacher-student relationships improve attendance and academic outcomes. Schuyler sees that as common sense.

“If a child must feel cared for and is treated properly, to learn better,” she says.

She believes service prepares future educators for real-world classrooms.

A Career Still in Progress

Schuyler is still a full-time student. Her career is in development. But her direction is clear.

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Education remains one of the most important sectors in society. Teachers influence workforce readiness, civic engagement, and community health. According to national education data, teacher shortages persist in many regions, especially in early childhood education.

Her leadership does not come from title or tenure. It comes from action. From transferring schools to pursue the right major. From building homes in West Virginia. From tutoring younger students.

Success, for her, is about making the world better, even if it is one community at a time.

“I want to be the kind of teacher students remember,” she says.

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Schuyler Tansey represents a new generation of educators who blend academic focus with community service. Her career is just beginning. But her foundation is strong.

And in education, foundation is everything.

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