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KRChoksey Research Report
Aurobindo Pharma Ltd.'s reported revenue de-growth of 8.4% YoY (up 4.2% QoQ) to Rs 59.42 billion, due to decline in the growth markets (Africa, Canada, Brazil and China) and in antiretroviral and active pharma ingredient segments, which was partially offset by growth in the U.S. and Europe.
Ebitda for the quarter declined 17.2% YoY (down 1.9% QoQ) to Rs 11.87 billion while Ebitda margin declined 213 bps YoY (down 124 bps QoQ) to 20.0% in Q2 FY22.
This has largely been due to increased prices of key raw materials and increased logistics costs and research and development expenses.
Aurobindo Pharma's reported net profit declined 13.7% YoY to Rs 6.97 billion mainly on account of decline in YoY sales coupled with contractions in gross profit margin and increased other operating expenses in Q2 FY22.
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