Alkem Labs Logs Operational Beat In Q3, Growing Strength To Strength: Dolat Capital
Tablets arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Alkem Labs Logs Operational Beat In Q3, Growing Strength To Strength: Dolat Capital

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.

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.

Click on the attachment to read the full report:

Dolat Capital Alkem Laboratories Q3FY21 Result Update.pdf

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