Aurobindo Pharma Q3 Review - Progress On New Ventures Continues: ICICI Direct
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ICICI Direct Report
Aurobindo Pharma Ltd.’s revenue grew 8.0% YoY to Rs 6,365 crore led by 13.2% YoY growth in Europe formulations business to Rs 1,671 crore.
U.S. business grew 6.8% YoY to Rs 3,172 crore. Antiretroviral segment grew 41.5% YoY to Rs 443 crore. Rest of world markets posted growth of 14.5% YoY to Rs 396 crore.
However, active pharmaceutical ingredient segment de-grew 13.6% YoY to Rs 682 crore.
Ebitda margins grew 101 basis points YoY to 21.5% with higher gross margins being partly offset by higher other expenditure. Ebitda grew 13.3% YoY to Rs 1,369 crore.
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