Alembic Pharma Q1 Results Review - Execution Remains A Key: Dolat Capital

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Alembic Pharmaceuticals Ltd.’s Q1 FY24 showed a mixed bag performance with Ebitda margin below estimates while revenue and profit after tax above our estimates.Revenues at Rs 14.9 billion (above estimate), grew by 17.7%/5.7% YoY/QoQ on higher international generic sales. Ebitda stood at Rs 1.99 billion inline (+73%YoY/- 11.0% QoQ). Alembic Pharma's Ebitda margin at 13.4% was below estimates due to higher than expected operational and staff costs. Profit after tax stood at Rs 1.2 billion (above estimate) grew by 233.8% YoY due to lower depreciation expenses, tax and higher other income. We upgrade our earnings per share estimates by 26.2%/23.1% in FY24E/FY25E assuming higher international generic and active pharma ingredient sales coupled with lower tax and lower depreciation cost. With limited upside, we downgrade to 'Sell' with a revised target price of Rs 700..Click on the attachment to read the full report:.Sun Pharma Q1 Results Review - gRevlimid, Lower Other Expenses Aided Ebitda: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Alembic Pharma Q1 Results Review - Execution Remains A Key: Dolat Capital

Launch momentum is critical for U.S. growth; domestic business growth to remain steady.

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Alembic Pharma Q1 Results Review - Execution Remains A Key: Dolat Capital

Launch momentum is critical for U.S. growth; domestic business growth to remain steady.

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