Strong statement on presentation :
Commenting on the performance, Mr. C.C. Paarthipan, Chairman said:
“We have multiple levers of high quality and consistent growth at Caplin, with the major one being our growth in existing markets in Latin America. This is evidenced by the fact that Q2 FY24 revenue of Rs.430 Cr and PAT of Rs.116 Cr are higher than the FY17 full year revenue (Rs.412 Cr) and PAT (Rs.96 Cr) respectively. Our US business also continues this pattern, as our H1FY24 revenue is higher than
our FY22 full year revenue. With our sharp focus towards enhancing our presence in the larger markets such as US, Mexico and Chile, we expect the next few years to be crucial and exciting for the company.Our initiatives into backward integration (API) and forward integration (front end presence) will adequately support the company’s prospects for top and bottom line growth, with stable cashflows.
We remain steadfast in our commitment to driving sustainable growth with benchmark cashflows and robust bottom line.
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