Alkem Labs Logs Operational Beat In Q3, Growing Strength To Strength: Dolat Capital
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Dolat Capital Report
Alkem Laboratories Ltd. reported a better than expected Q3 on the operational front despite an in-line revenue growth of 6% YoY.
Better gross margins (lesser free samples) and higher contribution of trade generics aided Ebitda margin at 22.8% versus our expectation of 21.2%.
One-time income of Rs 340 million on sale of brand aided profit after tax at Rs 4.5 billion, 20% beat on our numbers.
While the acute portfolio is on a recovery mode, outperformance in trade generics rendered 6% YoY growth.
U.S. was steady at $84 million, up 5% YoY.
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