Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Laurus Labs Ltd’s net profit more than tripled at ₹73.5 crore in the third quarter ended December 31, 2019 as against ₹17.8 crore in the corresponding quarter of previous financial year.
The total revenue of the Hyderabad - based company increased 38 per cent at ₹730 crore (₹529 crore).
“Our formulations growth led by tenders in low middle income countries (in Africa, Latin America and South East Asia) has delivered significant growth in a very short time,” Satyanarayana Chava, Chief Executive Officer, said in a release.
“Other API division maintained its growth trajectory from previous quarters. The introduction of new high value products continue to drive growth,” he added.
Indian researchers are working on cells that can store more energy, last longer
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