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Neuland Lab spurts after strong Q3 performance

Neuland Laboratories jumped 6.64% to Rs 1483 after the company s consolidated net profit surged 140.7% to Rs 26.74 crore on a 20.4% rise in net sales to Rs 245.39 crore in Q3 FY21 over Q3 FY20. EBITDA increased by 60.6% to Rs 46.7 crore in Q3 December 2020 from Rs 29.1 crore in Q3 December 2019. EBITDA margin was at 19% as on 31 December 2020 as against 14.2% as on 31 December 2019. Profit before tax in Q3 FY21 stood at Rs 31.95 crore, up by 103.9% from Rs 15.67 crore in Q3 FY20. Current tax outgo rose by 37% to Rs 4.33 crore in Q3 December 2020 over Q3 December 2019. Interest expenses during the quarter declined by 22% year-on-year (YoY) to Rs 4.44 crore.

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