Revenues grew 9.5% YoY to | 342.0 crore (I-direct estimate: | 341.8 crore) on account of 12.5% YoY growth in domestic sales to | 221.5 crore (I-direct estimate: | 204.0 crore) and 16.7% growth in export sales to | 97.1 crore (I-direct estimate: | 104.2 crore). De-growth in APIs growth (-25% YoY), however, pulled down the numbers a bit. EBITDA margins declined 80 bps YoY to 12.9% (I-direct estimate: 10.9%) mainly due to higher employee cost and provision for diminution in the Brazilian subsidiary • Net profit witnessed a YoY decline of 11.1% to | 25.8 crore (I-direct estimate: | 26.1 crore) mainly due to higher taxation. ICICI Securities Limited ascribe a target price of | 340, based on 16x (earlier 14x) FY18E EPS of | 21.1.Trendlyne has 5 reports on UNICHEMLAB updated in the last year from 2 brokers with an average target of Rs 321.5. Brokers have a rating for UNICHEMLAB with 1 upgrade and 3 price upgrades in past 6 months.