The employee attrition rate elevated during the quarter on an annual basis through the company management has cited a moderating trend on a quarterly basis. The net employee addition for the quarter was the lowest at 9,840 in nine quarters, signalling the beginning of moderation in the hiring frenzy seen over the past few quarters.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO