Healthcare Q4 Results Preview - Another Strong Quarter Aided By US Sales, Higher Margins: Prabhudas Lillladher

"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..Prabhudas Lilladher Report.We expect pharmaceuticals companies under our coverage to report another strong quarter with Ebitda growth of 22% YoY (down 3% QoQ) mainly aided by-new launches (gRevlimid, gSpiriva, etc) in U.S. market,steady domestic business andhigher margins. We expect the quarter to continue seeing easing of cost pressures which will thereby aid margins YoY. The companies are likely to witnessed steady base business in U.S. given stable generic pricing environment coupled with new launches. On domestic formulation business; given seasonal weakness acute and trade generic business to remain soft while chronic business to have steady growth. Our top picks remain Sun Pharmaceutical Industries Ltd., JB Chemicals and Pharmaceuticals Ltd., Eris Lifesciences Ltd. and Torrent Pharmaceuticals Ltd..Hospitals: Seasonally healthy quarter Buoyed by historical trend of Q4 being a seasonally strong quarter for hospitals, we anticipate hospital companies to deliver healthy YoY growth in Q4 FY24. This growth likely to be driven by higher average revenue per occupied bed and steady occupancy. On sequentially basis we anticipate flat to 400 basis points increase in occupancy due to seasonality. We foresee ARPOB to continue to remain elevated on a YoY basis. Overall, we expect ~20% YoY growth (+7% QoQ) in post IND Accounting standard Ebitda (excluding of Rs 1.48 billion loss in Apollo 24*7, Ebitda growth expected at +14% YoY) in Q4 under our coverage universe. We remain structurally positive in the hospitals space and expect momentum to continue with-improvement in occupancy, better case- payor mix and new capacity additions. Our top picks in the sector are Max Healthcare Institute Ltd., Jupiter Life Line Hospitals Ltd. and Aster DM Healthcare Ltd..Click on the attachment to read the full report:.Oil, Gas Q4 Results Preview - Operationally Better: Prabhudas Lilladher.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 Q4 Results Preview - Another Strong Quarter Aided By US Sales, Higher Margins: Prabhudas Lillladher

We expect US sales to grow by 14% YoY in constant currency for our coverage universe aided by launches like gRevlimid, gSpiriva and stable pricing for base business

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Healthcare Q4 Results Preview - Another Strong Quarter Aided By US Sales, Higher Margins: Prabhudas Lillladher

We expect US sales to grow by 14% YoY in constant currency for our coverage universe aided by launches like gRevlimid, gSpiriva and stable pricing for base business

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