During the fourth quarter of FY23, CSL recorded an impressive operating revenue of 58 Cr. However, in the subsequent first quarter of FY24, this figure experienced a reduction, amounting to 46 Cr. Although the company managed to maintain a commendable year-over-year revenue growth rate of 12.2%, it is noteworthy that the same metric reached an impressive 67% during the preceding Q4 FY23.
One of the pivotal growth drivers for Caplin has been its US business segment. Unfortunately, the current quarter’s performance in this domain has been considerably disappointing, failing to meet the expectations set by past successes. As a direct consequence, the response from the market has taken on a negative trajectory, reflecting the disappointment felt by stakeholders and investors alike.
Subscribe To Our Free Newsletter |