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.
ICICI Direct Report
Suven Pharmaceuticals Ltd. is a contract development and manufacturing organisaion that supports global life sciences industry and fine chemical majors in their new chemical entity development endeavours.
Its services include custom synthesis, process research and development, scale-up and contract manufacturing.
Q1 FY22 revenue grew 10.7% YoY to Rs 263.8 crore. Ebitda margins declined 360 basis points YoY to 43.4%, mainly due to increase in employee and other expenditure.
Subsequently, Ebitda grew 2.3% YoY to Rs 114.6 crore. Profit after tax was up 14.8% YoY to Rs 105.1 crore.
Delta vis-a-vis Ebitda was due to higher profit share from associates.
Going ahead, Suven Pharma hopes to achieve 10-15% growth in FY22 based on strong order book position.
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