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ICICI Direct Report
Aurobindo Pharmaceuticals Ltd.'s Q1 FY22 operational performance was below our estimates amid a decline across U.S. market and anti-retrovirals whereas profit after tax was in line with estimates amid higher-than-expected other income and a lower tax rate.
Aurobindo Pharma's revenues de-grew 3.8% YoY to Rs 5702 crore tracking a 13.7% YoY decline in U.S. business to Rs 2681 crore, partially offset by 19.7% YoY growth in Europe formulations to Rs 1582 crore and growth of 13.7% YoY in rest of world markets to Rs 329 crore.
On the other hand, ARV segment de-grew 30.3% YoY to Rs 296 crore while active pharma ingredient segment grew 4.1% YoY to Rs 811 crore.
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