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This Article is From Nov 13, 2020

Motilal Oswal: Aurobindo Pharma’s Formulations, Superior Product Mix Drive Q2 Earnings  

Motilal Oswal: Aurobindo Pharma’s Formulations, Superior Product Mix Drive Q2 Earnings  
Employees work in the warehouse of an Aurobindo Pharma Ltd. production facility in Jadcherla, India.(Photographer: Prashanth Vishwanathan/Bloomberg)

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.

Motilal Oswal Report

Aurobindo Pharma Ltd. delivered better-than-expected Ebitda, led by -

  1. strong off-take in the anti-retroviral / growth market segment,
  2. revival in Europe sales,
  3. steady ramp-up in U.S. sales, and
  4. better gross margins.

Increased research and development spend, to some extent, affected profitability for the quarter.

We tweak our earning per share estimate for the company for FY21/FY22, factoring in - 1) a superior product mix, 2. a higher spend on complex product development, and 3. higher other income.

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 brokerage 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.

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