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.
Anand Rathi Report
Q2 FY21 sales of the companies we cover grew 11.2% to Rs 161 billion, driven by supply of Covid-19-related drugs, a surge in demand for active pharmaceutical ingredients and relatively stable pricing in the U.S.
Supported by less promotional spending, the Ebitda margins of most companies with a sizeable India business expanded.
Those of the companies we cover expanded 479 basis points to 27.6% (down 113 basis points sequentially). Their adjusted profit after tax grew 40.3% to Rs 30.2 billion.
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