bullish
Morepen Laboratories (MORE IN): Strong Performance in FY24; Positive Momentum to Sustain
Tina has highlighted this Insight as a Top Pick
210 Views19 Jun 2024 01:13
SUMMARY
- In FY24, Morepen Laboratories (MORE IN) achieved revenue, EBITDA, and PAT growth of 20%, 101% and 150%, YoY, respectively, driven by medical devices and API businesses.
- Business has stabilized in FY24 and Morepen is seeing fresh buying of medical devices. With expanding capacity, glucometer and BP monitor are expected to maintain ~30% growth momentum.
- Morepen aims to expand API product portfolio and geographic reach, while maintaining global leadership positioning in six key widely used API products.
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