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Anand Rathi Report
Ajanta Pharma Ltd.’s Q1 FY22 sales grew 11.9% to Rs 7.5 billion, driven by a rebound in India and strong growth in the U.S. and Africa branded segment.
The gross margin was flat at 77.1% YoY, while the Ebitda margin contracted 397 basis points to 29.4% as promotional costs are now surging to pre-Covid-19 levels.
Profit after tax grew 17.6% to Rs 1.7 billion due to a lower tax rate and forex gains.
Ajanta Pharma’s operations are now recovering from the impact of Covid-19 and the company has launched 25 products in India in the last one year while research and development spend for the U.S. has gone up.
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