Dr. Lal Pathlabs Q3 Results Review - Wait For Volume Recovery Getting Longer: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Dr. Lal Pathlabs Ltd.'s reported in line growth even as volume growth remains tepid. Management expressed hope about volume recovery on back of initiatives like expansion in tier-III and IV towns, addition of labs and leveraging suburban network.It is pivoting suburban towards direct to consumer brand though this would be executed over several quarters. Dr. Lal Pathlabs is not looking to take price hike in the near term even as single digit volume growth on a repriced base may make reaching double digit growth a challenging task.Despite addition of large collection infra over last three years, reckon there is no commensurate volume growth; management is cognisant of volume challenges and hopeful of a rebound, we believe a change to our negative stance is warranted only post revival in volumes.No major change to our FY24/25 estimate and continue with 'Reduce' rating and unchanged target price Rs 2,500..Click on the attachment to read the full report:.Jana Small Finance Bank Sets IPO Price Band At Rs 393-414; Issue Opens Feb. 7.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dr. Lal Pathlabs Q3 Results Review - Wait For Volume Recovery Getting Longer: Yes Securities

Profit after tax up 54% on lower interest expenses and higher other income YoY along with 300 basis points margin improvement YoY.

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Dr. Lal Pathlabs Q3 Results Review - Wait For Volume Recovery Getting Longer: Yes Securities

Profit after tax up 54% on lower interest expenses and higher other income YoY along with 300 basis points margin improvement YoY.

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