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.
Dolat Capital Report
Ipca Laboratories Ltd. delivered a significant beat across parameters driven by sharp improvement across businesses in Q1 FY22.
Revenue/profit after tax beat estimates by 13%/33% at Rs 15 billion/3 billion respectively.
Ipca’s end to end integration (61% of sales) enables it to benefit significantly despite inflationary raw material prices as gross margins expanded at 65% thereby aiding margins at 26% (we saw 24%) despite normalisation of selling, general and administrative spend.
Basis the strong demand witnessed in active pharma ingredient, management guided for 10% YoY growth in FY22E, despite a higher base.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR