Questions across 2 calls

Chirag Shah

White Pine Investment

Laurus Labs Limited

Analysts/Institutional Investor Meet/Con. Call Updates Laurus Labs Limited has informed the Exchange about Transcript · 2025-07-25

Congratulations on a good set of numbers. So my first question is on gross margins that we have seen. Would it be right to assume that the gross margin improvement is driven by non -CDMO business significantly or largely because CDMO gross margins would largely be static in a range, right, maybe 5% deviation here and there. So would it be a right statement to make that the sharp improvement in gross margin over the last 6, 7 quarters that we are seeing is driven by the non -CDMO business, and it would be now almost closer to what we were 3 years back?

But sir, would it be a right statement that in gross margin -- in CDMO, your gross margin would reasonably be stable irrespective of the stage of project, whether it's an early stage or late stage? Or it materially varies gross margins on the stage of the project that you are?

Laurus Labs Limited CC-Jun25.pdf · 2025-07-25

Congratulations on a good set of numbers. So my first question is on gross margins that we have seen. Would it be right to assume that the gross margin improvement is driven by non -CDMO business significantly or largely because CDMO gross margins would largely be static in a range, right, maybe 5% deviation here and there. So would it be a right statement to make that the sharp improvement in gross margin over the last 6, 7 quarters that we are seeing is driven by the non -CDMO business, and it would be now almost closer to what we were 3 years back?

But sir, would it be a right statement that in gross margin -- in CDMO, your gross margin would reasonably be stable irrespective of the stage of project, whether it's an early stage or late stage? Or it materially varies gross margins on the stage of the project that you are?