BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
GlaxoSmithKline Pharmaceuticals Ltd.'s Q4 FY21 results were broadly inline with our estimates.
Revenue grew 4.9% YoY to Rs 8.1 billion (our estimate: Rs 8.2 billion), Ebitda margin dropped 140 basis points YoY (down 300 basis points QoQ) to 21.0% (our estimate: 21.4%) while reported profit after tax declined 89.6% YoY to Rs 143 million (our estimate: Rs 1.3 billion).
Lower than estimated profit after tax was due to impairment taken on Vemgal plant.
Recovery in its key brands and supported by recently launched products (Fluarix Tetra and Menveo) have supported the performance.
We expect this trend in recovery in the acute therapies to continue in the coming quarters.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
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.
