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ICICI Direct Report
Aurobindo Pharma Ltd.'s revenues grew 15.8% YoY to Rs 6,483 crore (our estimate Rs 6,386 crore) mainly due to 12.5% YoY growth in U.S. to Rs 3,190 crore.
Europe business grew 8.1% YoY to Rs 1,515 crore.
Anti-retroviral segment grew 111.3% YoY to Rs 503 crore. Rest of World markets also posted robust growth of 39.9% YoY to Rs 447 crore.
Ebitda margins grew 174 basis points YoY to 22.1% (our estimate 20.6%) with higher gross margins being partly offset by higher other expenditure.
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