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KRChoksey Research Report
Aurobindo Pharma Ltd. reported revenue de-growth of down 3.2% YoY (down 3.2% QoQ) to Rs 58.09 billion due to 4.7% YoY (down 0.6% QoQ) decline in the U.S.' revenue (47.0% of revenue), 52.0% YoY (up 51.5% QoQ) decline in antiretroviral sales (4.1% of revenue) and a 0.8% YoY (down 9.1% QoQ) decline in Europe revenue (26.5% of revenue); partially offset by 28.0% YoY (down 1.4% QoQ) rise in growth market revenue (6.7% of revenue) and 14.9% YoY (down 9.6% QoQ) rise in active pharma ingredient revenue (15.7% of revenue).
Aurobindo Pharma's gross profit margins declined 334 bps YoY ( up 227 bps QoQ) to 56.5% in Q4 FY22 due to increased raw materials costs YoY and decline in it QoQ in Q4 FY22.
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