Motilal Oswal: Sun Pharma Q2 - Product Mix, Operating Leverage Drive Earnings

Motilal Oswal: Sun Pharma Q2 - Product Mix, Operating Leverage Drive Earnings

Sun Pharmaceutical Industries Ltd. signage is displayed outside the company’s corporate office in the Andheri suburb of Mumbai, India (Photographer Amit Madheshiya/Bloomberg)

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.

Motilal Oswal Report

Sun Pharmaceutical Industries Ltd. delivered all-time high quarterly sales of Rs 84.5 billion for Q2 FY21, led by the Rest of World/ active pharmaceutical ingredient segment.

A superior product mix (including the higher share of specialty products), complemented by cost optimization measures, led to a strong beat on Q2 FY21 earnings.

We increase our earnings estimate by 22%/5% for FY21/FY22E, factoring in

1. increased contribution from the specialty portfolio and 2. lower opex for an extended period on account of Covid-19.

Click on the attachment to read the full report:

Motilal Oswal Sun Pharma Q2FY21 Result Updae.pdf
Read Document

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 brokerage 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.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES