Biocon Q2 Results Review - Steady Performance; Focus On Viatris Integration: ICICI Direct

"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. .ICICI Direct Report.Biocon Ltd.'s revenues grew 26% YoY to Rs 2320 crore on the back of traction in generics, which grew 17.5% YoY to Rs 623 crore, biosimilars, which grew 34.3% YoY to Rs 997 crore and Syngene International Ltd. revenues that were up 26% to Rs 768 crore. Biocon's Ebitda grew 5.6% YoY to Rs 471 crore while Ebitda margins grew 393 basis points YoY to 20.3%. Margins were affected mainly due to increase in research and development expenditure. Profit after tax was down 66.1% YoY to Rs 47 crore, mainly due to tax adjustments.Biosimilars growth was driven by increased prescriptions of existing products in the U.S. besides new launches in Europe and emerging market. Generics growth was driven by two antidiabetic launches in Europe. Syngene growth was well rounded as reported earlier. Quarterly performances notwithstanding, the recent decision to acquire Viatris’ front end business in the U.S. and the leverage on the balance sheet is likely to have more influence on sentiments. .Click on the attachment to read the full report:.Biocon Q2 Results: Profit Falls 66%, Misses Estimates.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."

Biocon Q2 Results Review - Steady Performance; Focus On Viatris Integration: ICICI Direct

Decision to acquire Viatris’ front end business in the U.S. and the leverage on BS is likely to have more influence on sentiments.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Biocon Q2 Results Review - Steady Performance; Focus On Viatris Integration: ICICI Direct

Decision to acquire Viatris’ front end business in the U.S. and the leverage on BS is likely to have more influence on sentiments.

Choose a plan

Follow Us

DOWNLOAD THE APP