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.
Centrum Broking Report
FDC Ltd’s Q2 FY21 results are ahead of Centrum Broking’s estimates.
Revenues grew 7.3% YoY/ 20.5% QoQ to Rs 3.7 billion, largely driven by export sales while domestic sales continue to decline 7% YoY increased 18% QoQ.
Export formulation business supported the quarter with strong growth of 122% YoY to Rs 782 million (21%of sales).
This growth was driven by a stellar contribution from the U.S. market which contributed 15% of sales during Q2.
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