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.
Motilal Oswal Report
Biocon Ltd. delivered a lower than expected Q1 FY23, led by reduced traction in the generics segment, stable performance in biosimilars, and higher operational cost.
Biocon continues to build its biosimilars pipeline on its own and via the partnership model, as well as launch molecules in the generics space.
We cut our FY23/FY24 earnings per share estimate by 20%/6%, factoring in:
a delay in commercialisation of b-Aspart,
shutdown related expenses in the generics segment,
higher research and development spends for biosimilars,
and the ongoing price erosion in the base business.
Click on the attachment to read the full report:
DISCLAIMER
This 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
