Natco Pharma Q4 Results Review - R&D Investments Picking Up: ICICI Securities

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Natco Pharma Ltd.’s Q4 FY23 revenue growth of 50% and margins were driven by higher sales in the export market. Natco Pharma is confident of gaining further traction in the export business in the next couple of quarters. It is on track to:deploy windfall from gRevlimid towards strengthening its first-to-file pipeline for U.S. generics (investing 8-10% of revenue on research and development),foray into crop protection (FY24E revenue: Rs 1.5 billion-2 billion), andreward shareholders with timely buyback. Near-term pipeline includes limited-competition products like gImbruvica, gAubagio, gKyprolis and gPomalyst. Though the pipeline is healthy, we believe it may not be able to compensate for decline in earnings of gRevlimid. We remain cautious owing to competition in gRevlimid and limited earnings visibility beyond FY26E..Click on the attachment to read the full report:.Torrent Pharma Q4 Results Review - India/LATAM Drive Earnings: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Natco Pharma Q4 Results Review - R&D Investments Picking Up: ICICI Securities

Better supplies of gRevlimid boost margins.

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Natco Pharma Q4 Results Review - R&D Investments Picking Up: ICICI Securities

Better supplies of gRevlimid boost margins.

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