Healthcare Q2 Results Preview - Strong Quarter Aided By U.S. Sales, Higher Margins: PL Capital

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.We expect pharmaceuticals companies under our coverage to report another strong quarter with Ebitda growth of 20% YoY (flat QoQ) aided by- new launches (gRevlimid, gSpiriva, gMyrbetriq, etc.) in the U.S. market, steady domestic business andhigher margins. .We expect continued easing of cost pressures during the quarter, which will aid margins YoY. In case of domestic formulation business, volume offtake in the acute and trade generic segments is likely to be healthy given the seasonality. Our top picks remain Sun Pharma, Lupin, JB Chemicals and Eris Lifesciences..Seasonally, Q2 is a strong quarter for hospitals given higher incidences of dengue and airborne diseases, which increase patient admissions. We anticipate hospital companies in our coverage universe to post healthy Ebitda growth of 19%. We see 100-700 bps QoQ improvement in occupancy. On YoY basis, occupancy trend is a mixed bag. We expect sharp QoQ improvement in occupancy for KIMS and Jupiter aided by seasonality and ramp-up of new units. We anticipate average revenue per occupied bed to continue to remain healthy, aided by improving case and payor mix. Overall, hospital companies are expected to post 19% YoY growth (14% QoQ) in post IND AS Ebitda (~15% YoY Ebitda growth ex of Rs 1.4 billion loss in Apollo 24x7) in Q2. We remain structurally positive in the hospitals space and expect momentum to continue in H2 FY25 with-further improvement in occupancy,better case mix andnew capacity additions. Our top picks in the sector are Max Healthcare, Jupiter Lifeline and KIMS..Click on the attachment to read the full report:.India Healthcare Q2 Results Preview - Expect Weakness In India Branded Formulations Growth: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Healthcare Q2 Results Preview - Strong Quarter Aided By U.S. Sales, Higher Margins: PL Capital

Sun Pharma, Lupin, JB Chemicals, Eris Lifesciences remains the brokerages' top picks in pharma and KIMS, Max Healthcare, Jupiter in hospital sector, find out why?

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