Motilal Oswal: Aurobindo Pharma’s Formulations, Superior Product Mix Drive Q2 Earnings  

Motilal Oswal: Aurobindo Pharma’s Formulations, Superior Product Mix Drive Q2 Earnings

Employees work in the warehouse of an Aurobindo Pharma Ltd. production facility in Jadcherla, India.(Photographer: Prashanth Vishwanathan/Bloomberg)

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Motilal Oswal Report

Aurobindo Pharma Ltd. delivered better-than-expected Ebitda, led by -

  1. strong off-take in the anti-retroviral / growth market segment,
  2. revival in Europe sales,
  3. steady ramp-up in U.S. sales, and
  4. better gross margins.

Increased research and development spend, to some extent, affected profitability for the quarter.

We tweak our earning per share estimate for the company for FY21/FY22, factoring in - 1) a superior product mix, 2. a higher spend on complex product development, and 3. higher other income.

Click on the attachment to read the full report:

Motilal Oswal Aurobinod Pharma Q2Fy21 Result Update.pdf
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