Ajanta Pharma Q4 Review - Domestic Formulation, Institutional Anti-Malaria Drive Earnings: Motilal Oswal
An employee inspects a handful of Concor cardiovascular treatment tablets inside Merck KGaA's pharmaceutical laboratories at the company's headquarters in Darmstadt, Germany. (Photographer: Martin Leissl/Bloomberg)

Ajanta Pharma Q4 Review - Domestic Formulation, Institutional Anti-Malaria Drive Earnings: Motilal Oswal

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Motilal Oswal Report

Ajanta Pharma Ltd. delivered a better-than-expected performance, led by a strong growth revival in domestic formulation and better operating leverage.

Growth prospects in branded generics exports (Asia) are expected to improve as the Covid-19-led supply chain disruption eases.

We have raised our estimates by 3%/5% for FY22/FY23E, factoring in:

  1. a better outlook for the pain management therapy in the DF segment,

  2. reduced operating expenses in DF over the medium term due to Covid-19-led restrictions,

  3. new abbreviated new drug application launches, and

  4. better capacity utilisation.

Click on the attachment to read the full report:

Motilal Oswal Ajanta Pharma Q4FY21 Result Review.pdf

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