Stockrabit · Analysts
Questions across 4 calls

Amlan Das

Nomura India

Alkem Laboratories Limited

Ajanta Pharma Limited

Neuland Laboratories Limited

Neuland Laboratories Limited CC-Sep24.pdf · 2024-11-06
My question is regarding the CMS business. So , since the last 6 to 8 quarters, it has been contributing around 49% to 55% of total revenues. Since you are saying that the order book has been going strong and you are expecting a high growth in FY26, can we expect this share to go up beyond the 55% mark? And how do you see the CMS business going forward? So , the peak revenue -- quarterly revenues have been around INR230 crores in Q1FY25. So what is the outlook regarding this business in FY26?
I was actually trying to understand the margin profile since the CMS business is a high-margin business for you. So, what do you see as the stable EBITDA margin going forward? Would it be stable at around current levels of 27%, 28% that you are making? Or we expect it to go up?

Mankind Pharma Limited