Results are well above the expectations:
As per management:
“We are happy to state that our focus on R&D and project management saw us achieve our highest
ever profitability margins in FY23. We executed a number of CMS projects during the year resulting
in the business recording significant growth and contributing close to half the Q4 revenues. > We
expect this momentum to continue in future as well on account of new customers increasingly
accepting Neuland as a well regarded CDMO
We crossed several significant milestones in FY23 with business driven by ongoing growth in the
high margin Specialty and CMS business. The performance of this fiscal reflects the various
initiatives we have taken in line with our strategy over the last few years, playing out now. > We
believe that this puts us in a strong position as we look to consolidate the healthy momentum
going forward.”
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