Ajanta Pharma Q3 Results Review - Asia, Africa Drive Earnings: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Ajanta Pharma Ltd.'s delivered better-than-expected Q3 FY24 performance, led by strong growth in the Asia and Africa region. Domestic formulation exhibited muted growth, due to addition of a brand under National list of Essential medicine.Ajanta Pharma would end FY24 on a strong recovery in profitability compared to that in FY23.We raise our earnings estimate by 9%/6%/3% for FY24/FY25/FY26, factoringbetter-than-industry growth in the branded generics market,improved traction in institutional anti-malaria business and controlled opex.We value Ajanta Pharma at 26 times 12 months forward earnings to arrive at a price target of Rs 2,515..Click on the attachment to read the full report:.Shree Cement Q3 Revenue Up, Godrej Consumer Product Profit Rises — Earnings Wrap.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ajanta Pharma Q3 Results Review - Asia, Africa Drive Earnings: Motilal Oswal

Growth to revive in India over the near term.

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