Ipca Laboratories Limited (Ipca) reported impressive results for Q2FY2020. Numbers were ahead of estimates. Aided by a strong double-digit growth across the formulations and API business, topline was up 29% y-oy to Rs 1284 crore. On the back of improved product mix and favorable raw material prices, operating profit jumped 52.5% y-o-y to Rs 263.5 cr while the adjusted PAT rose 62% y-o-y to Rs 193.5 cr. Expected traction across the formulation and API business, improved product mix and a substantial drop in the remedial cost are expected to...