Mr. Mahendra Patel, MD, Lincoln Pharmaceuticals Ltd
- Total Income in Q1FY23 at Rs. 129.97 crore, up 24.4% from Rs. 104.4 crore in Q4FY22
- Commercial operations of Cephalosporin Plant and Export to EU & Australia to commence in FY23
- Company continuous to remain ‘Net Debt Free’ after multiple expansion & acquisition of Cephalosporin plant
- Robust operational and financial performance during FY12 to FY22 with CAGR Growth 30% in Net profits, 20% in EBITDA and 10% in Revenue.
- CRISIL has upgraded its ratings on the company’s bank facilities to ‘CRISIL A/Stable/CRISIL A1
Ahmedabad, August 9, 2022: Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has reported net profit of Rs. 15.01 crore for the Q1FY23 as against net profit of Rs. 11.10 crore in Q4FY22, growth of 35.2% Q-o-Q. Total income for the quarter ended June 2022 was reported at Rs. 129.97 crore, higher 24.4% Q-o-Q over total income of Rs.104.43 crore in Q4FY22. EBITDA for Q1FY23 was reported at Rs. 23.41 crores as compared to EBITDA of Rs. 19.32 crores in Q4FY22 – growth of 21.14% Q-o-Q. EPS for Q1FY23 was at Rs. 7.49 per share. Exports in Q1FY23 was reported at Rs. 66.08 crore.
Commenting on the results and performance, Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Limited, said, “FY23 is going to be the growth year for the company. Commercial production from the Mehsana facility for the expansion of Cephalosporin products and exports to EU & Australian markets are expected to commence in the current financial year. Company is growing from strength to strength, delivering robust operational and financial performance, maintaining a healthy growth in revenue, margins and profitability. Company will continue to grow with maintaining its net debt status in future also. We expect the growth momentum to continue while maintaining our ‘Net Debt Free’ status in the coming years.”
During FY22, company launched 14 products in the domestic market and filled 110 dossiers in the export market. In FY23, company will look to consolidate its position in the lifestyle and chronic segments.
In September 2021, company acquired a plant in Mehsana, Gujarat to launch Cephalosporin products. Company has invested Rs. 30 crore in the cephalosporin plant – including acquisition and subsequent capacity expansion using internal source of funds. The plant is expected to start commercial production in current fiscal and expected to contribute sales of around Rs. 150 crore in the next 3 years. The plant will cater to all the Cephalosporin products i.e. Tablet, Capsule, Dry syrup and Injectable.
Export business of the company has shown strong growth over the years. It currently exports to 60 plus countries including East & West Africa, Central & Latin America and Southeast Asia. TGA – Australia and EU GMP approvals will strengthen the company’s presence and expand its network to 90 plus countries.
Company has reported a robust financial and operational performance during the last decade (FY12 to FY22) maintaining strong CAGR 30% in Net profits, 20% in EBITDA and 10% in Revenue. The liquidity position of the company is on a strong foundation, supported by healthy cash accruals, free cash/liquid investments, no term debt and healthy return ratios.
| Financial Overview – Lincoln Pharmaceuticals FY 12 to FY22
In (Rs Cr)
CRISIL Ratings has upgraded its ratings on the bank facilities of Lincoln Pharmaceuticals Ltd to ‘CRISIL A/Stable/CRISIL A1’ from CRISIL A-/Positive/CRISIL A2+. CRISIL report further states that, “Over the medium term, the group is expected to maintain its growth trajectory and healthy margin. This shall be supported by addition of Cephalosporin which has potential to add around 30% to the topline over next three fiscals. Further, the group’s European market foray shall provide additional fillip to the business profile. Rating agency ICRA too has reaffirmed the company’s long-term and short-term bank facilities to A and A1 respectively.
Lincoln Pharma has a state-of-the-art manufacturing facility unit at Khatraj in Ahmedabad, Gujarat, complying with stringent international quality and compliance norms and certified by EUGMP, WHO-GMP, TGA – Australia and ISO-9001: 2015. Company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, ant-diabetic, anti-malaria among others.To complement the company’s strong presence in the acute segment, the company is also building a portfolio in lifestyle and chronic segments especially dermatology, gastro and pain management. Company has filed 25 plus patent applications and is awarded with seven patents. Company has a strong presence in the domestic market nationally with a dedicated field force of over 600 personnel who cater to more than 30,000 doctors, chemists across the country.
If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.
Comments on “Lincoln Pharmaceuticals Ltd reports Standalone Net Profit of Rs. 15.01 crore in Q1FY23”
I’ve recently started a site, the information you provide on this web site has helped me tremendously. Thank you for all of your time & work.
Hello my friend! I wish to say that this post is amazing, nice written and include approximately all vital infos. I’d like to look extra posts like this .
I have been reading out many of your articles and i can claim clever stuff. I will definitely bookmark your site.
Appreciate it for all your efforts that you have put in this. very interesting info .
Great awesome issues here. I?¦m very satisfied to see your article. Thanks so much and i’m having a look forward to contact you. Will you kindly drop me a e-mail?
Good web site! I truly love how it is easy on my eyes and the data are well written. I’m wondering how I might be notified whenever a new post has been made. I’ve subscribed to your RSS feed which must do the trick! Have a nice day!
I like what you guys are up also. Such intelligent work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.
There are some attention-grabbing deadlines in this article however I don’t know if I see all of them heart to heart. There’s some validity but I’ll take maintain opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as properly
I have read a few excellent stuff here. Definitely value bookmarking for revisiting. I surprise how a lot attempt you put to create any such wonderful informative website.
Simply want to say your article is as astonishing. The clarity in your post is just spectacular and i could assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please continue the gratifying work.
Thanks for sharing excellent informations. Your web-site is very cool. I am impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a great site.
arimidex 1 mg brand buy anastrozole online arimidex 1 mg without prescription
naproxen 250mg for sale omnicef 300mg canada order prevacid 30mg generic
purchase biaxin for sale order catapres without prescription buy antivert 25mg online
generic spiriva order minocycline 50mg generic terazosin 1mg for sale
montelukast tablet sildenafil 100mg canada viagra 100mg cheap
purchase pioglitazone sale order actos 15mg pills viagra 50mg us
Very good info thanks so much!
tadalafil 20mg oral Branded cialis order tadalafil 40mg generic
cialis 20mg sale Discount canadian cialis roulette game
ivermectin generic cream buy symmetrel 100mg generic order dapsone generic
nifedipine usa nifedipine online allegra ca
casino blackjack live blackjack online slot machines real money
buy altace 10mg online cheap glimepiride 4mg without prescription arcoxia buy online
purchase doxycycline generic buy doxycycline clindamycin canada
academic writing uk arava 10mg tablet azulfidine usa
order mesalamine 400mg without prescription order azelastine 10 ml without prescription irbesartan 300mg usa
olmesartan order order calan 240mg for sale divalproex 500mg pill
purchase clobetasol online cheap buspar buy online buy generic cordarone 100mg
cheap diamox 250 mg imdur 40mg brand azathioprine online buy
I am 44 year old female Thank you so much!
buy cialis professional 0 in B 28 and n 594 88
buy digoxin pill order digoxin sale molnunat pills
coreg online order generic elavil buy elavil online
amoxicillin 1000mg us stromectol 12mg ca ivermectin 3 mg tablet
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
order priligy 90mg generic priligy uk purchase domperidone online
nortriptyline 25 mg for sale pamelor 25 mg cost buy paroxetine 20mg online
buy generic indocin order tamsulosin 0.2mg online cheap order cenforce 100mg pill
This information is so great thanks!
I really admire your writing!
order famotidine tacrolimus 1mg oral mirtazapine usa
doxycycline 100mg without prescription methylprednisolone 8 mg for sale medrol 4mg tablet
requip 2mg brand order labetalol 100mg pill labetalol uk
buy tadacip 20mg sale buy tadacip 10mg sale buy amoxicillin 250mg pill
order fenofibrate pills viagra 150mg order viagra without prescription
order nexium 20mg capsules biaxin 250mg without prescription buy generic lasix 100mg
tadalafil 5mg generic buy viagra 50mg for sale purchase viagra online
order minocycline pills purchase hytrin generic buy hytrin 1mg for sale
cialis 5mg drug Free cialis samples best pills for ed
glucophage 500mg usa buy verapamil tamoxifen 20mg pill
buy modafinil 200mg for sale buy modafinil 100mg pills promethazine sale
clomiphene 100mg pill lipitor generic prednisolone 40mg without prescription
buy prednisone online cheap prednisone 5mg pills brand amoxil 250mg
fildena 50mg without prescription order pregabalin 75mg generic order finasteride 5mg
buy ivermectin pills prednisone 5mg cost deltasone 10mg tablet
Very good info thanks so much!
zofran 8mg drug bactrim 960mg ca buy sulfamethoxazole without prescription
absorica medication amoxicillin 250mg without prescription azithromycin 500mg pill
buy generic albuterol synthroid 150mcg over the counter cost augmentin 1000mg
Thx so much ! Appreciate the helpful info.
prednisolone drug gabapentin generic buy generic lasix 100mg
provigil 100mg cost brand lopressor 100mg buy lopressor 50mg
avodart over the counter order avodart xenical generic
doxycycline 100mg cheap acyclovir 800mg cheap order zovirax 400mg generic
order azathioprine 25mg generic buy telmisartan 80mg buy naproxen for sale
ditropan 5mg pills order trileptal 300mg online cheap trileptal price
zocor online order sildalis generic order sildalis for sale
You are a great writer. Do you have any more sites?
order avlosulfon 100mg order mesalamine 800mg for sale atenolol order
buy uroxatral 10mg generic buy diltiazem pills diltiazem cost
order sildenafil 50mg for sale sildenafil in usa cialis 20mg pills
promethazine 25mg cheap order generic phenergan tadalafil cost
order ezetimibe ezetimibe usa buy methotrexate 2.5mg pills
buy levaquin online cheap buy bupropion pills zyban online
purchase warfarin generic metoclopramide for sale zyloprim 300mg tablet
cetirizine 10mg tablet buy zyrtec 5mg generic order sertraline online cheap
buy generic cenforce over the counter chloroquine order glucophage cost
lexapro 10mg us buy prozac 40mg pills revia 50mg tablet
I really admire your writing!
order atorvastatin 40mg pills atorvastatin usa order viagra 50mg
order letrozole 2.5 mg generic cheap letrozole 2.5mg order viagra 50mg online cheap
Hi, I think your website might be having browser compatibility issues. When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
Great ?V I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task..
cialis 20mg generic cialis for sale buy ed pills gb
order cialis 5mg buy tadalafil without prescription male ed drugs
Very interesting information!Perfect just what I was looking for!
stromectol price buy isotretinoin 20mg pill buy isotretinoin 10mg online
modafinil 100mg generic prednisone sale purchase deltasone pill
order amoxicillin pills prednisolone 10mg tablet order prednisolone for sale
I really like your writing!
buy isotretinoin tablets buy amoxicillin 250mg without prescription buy azithromycin 250mg online
gabapentin 100mg us buy furosemide generic generic doxycycline 100mg
Just wanted to say thank you!
order albuterol generic how to buy synthroid generic synthroid 150mcg
buy prednisolone 20mg sale neurontin over the counter furosemide 40mg cost
clomiphene tablet purchase hydroxychloroquine plaquenil ca
doxycycline 100mg us ventolin inhalator order online generic clavulanate
how to get atenolol without a prescription buy tenormin 100mg generic order femara 2.5mg generic
buy levothyroxine generic vardenafil 10mg pill buy vardenafil 20mg online
cost albendazole 400 mg purchase abilify sale provera 10mg pills
buy glycomet 1000mg without prescription buy generic amlodipine for sale norvasc 5mg oral
praziquantel 600 mg price hydrochlorothiazide 25mg pill cheap periactin 4 mg
buy zestril 5mg pill order prilosec 20mg pill order lopressor 100mg online
buy lyrica without prescription generic pregabalin purchase dapoxetine generic
buy generic methotrexate over the counter purchase reglan sale reglan 20mg pills
oral orlistat 120mg order xenical 60mg generic buy zyloprim 300mg online cheap
Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2
cost cozaar buy topiramate buy topamax 200mg online cheap
rosuvastatin where to buy motilium pill buy motilium pills
buy imitrex 50mg online cheap buy dutasteride pill dutasteride cost
order generic tetracycline 250mg brand cyclobenzaprine baclofen brand
order toradol 10mg online cheap order colchicine order inderal pills
order generic ranitidine 300mg order ranitidine online cheap where can i buy celebrex
buy plavix tablets buy generic ketoconazole 200mg ketoconazole order online
tamsulosin ca generic aldactone 100mg spironolactone 100mg pill
Nice post. I used to be checking continuously this weblog and I am inspired! Extremely helpful info particularly the final section 🙂 I care for such information a lot. I used to be seeking this certain information for a very lengthy time. Thank you and good luck.
duloxetine online order buy cymbalta medication oral nootropil 800mg
order betnovate 20gm online betamethasone 20 gm usa buy generic itraconazole over the counter
Can I simply say what a aid to seek out someone who truly knows what theyre talking about on the internet. You definitely know tips on how to deliver a difficulty to gentle and make it important. More folks must read this and perceive this aspect of the story. I cant believe youre no more common since you undoubtedly have the gift.
combivent 100mcg over the counter buy generic decadron buy linezolid
order prometrium 200mg online buy zyprexa 10mg online cheap zyprexa without prescription
buy nebivolol 20mg online buy bystolic cheap clozaril over the counter
starlix 120mg us buy generic nateglinide online candesartan 8mg pill
zocor 10mg generic generic zocor 10mg viagra for men over 50
carbamazepine 200mg over the counter order tegretol 200mg online lincocin 500mg pill
cheap generic tadalafil cialis store sildenafil overnight shipping
duricef 250mg oral order cefadroxil 250mg without prescription buy finasteride without prescription
fluconazole 200mg sale ampicillin 250mg oral how to buy ciprofloxacin
purchase estrace pills lamictal 200mg tablet brand minipress 1mg
buy flagyl 400mg pill cephalexin 500mg without prescription cephalexin usa
buy vermox 100mg online buy tretinoin generic order tadalis 10mg for sale
buy clindamycin generic buy erythromycin 250mg generic buy ed medication online
buy avanafil 200mg pills order tadalafil 20mg pills buy diclofenac tablets
buy cheap nolvadex order nolvadex 10mg pills order ceftin online cheap
indocin 75mg pills order terbinafine online cheap suprax 200mg canada
trimox 250mg uk buy biaxin generic order clarithromycin 250mg pill
careprost oral buy careprost pills trazodone 50mg brand
order generic clonidine buy generic meclizine 25mg order tiotropium bromide 9mcg for sale
order suhagra 100mg generic suhagra 100mg usa sildalis where to buy
buy accutane paypal buy azithromycin medication order zithromax for sale
order azithromycin 500mg pill gabapentin 800mg for sale buy neurontin 100mg sale
buy furosemide for sale lasix cheap buy albuterol generic
ivermectin 24 mg order deltasone without prescription prednisone 5mg sale
cheap vardenafil 10mg purchase tizanidine online cheap order hydroxychloroquine 400mg sale
generic levitra vardenafil 10mg pill generic hydroxychloroquine 400mg
cialis from usa pharmacy There are several intramuscular injectable preparations available including testosterone enanthate, testosterone cypionate, and TU
order carvedilol without prescription buy chloroquine 250mg generic chloroquine 250mg canada
diamox medication diamox 250 mg brand order imuran 25mg online cheap
order lanoxin 250 mg online digoxin 250 mg generic order molnunat 200mg for sale
naprosyn tablet omnicef 300 mg cost prevacid medication
baricitinib 4mg us baricitinib cost buy lipitor 40mg without prescription
proventil without prescription buy generic albuterol 100mcg buy pyridium 200 mg for sale
Keep this going please, great job!\r\n\r\nFeel free to surf to my website : youtube mp3 downloader
Very good information thanks so much!
montelukast 10mg usa buy dapsone 100 mg order dapsone 100 mg pills