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.
Systematix Research Report
Orchid Pharma Ltd.'s reported revenue (Rs 2444 million up 33.6% YoY and 12.6% QoQ) was higher than expectations (7% higher), but Ebitda was slightly lower than expectations ( -3%) owing to lower gross margins and higher employee costs (up 25% QoQ).
Steep increase in Employee costs is attributable to incremental hiring towards their initiative on building a branded formulation business in India. Going forward (FY25 and FY26) we expect the strong revenue growth traction (20 to 30% YoY) to sustain:
-
Ramp up in capacity utilization of the new sterile block – Currently at 50%,
-
Commercialization of new block for oral API (rejig of an old block) – Can help the company meaningfully add to existing revenue base.
-
Ramp up in the newly launched branded formulation business,
-
Royalties from global commercialisation of Enmetazobactam,
-
Merger with Dhanuka labs -Cost and revenue synergies,
-
Potential of an improved geographic mix (higher regulated market contribution) can augment revenue growth and margins too.
Click on the attachment to read the full report:
Hero MotoCorp Q1 Results Review – Higher Spends On EV Hurts Margins: Motilal Oswal
DISCLAIMER
This 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.
. Read more on Research Reports by NDTV Profit.