Gland Pharma Q4 Review - Building Multiple Levers To Sustain Growth Momentum: Motilal Oswal

A technician checks capsules leaving the Encapsulation machine (Photographer: John Cogill/Bloomberg)

Gland Pharma Q4 Review - Building Multiple Levers To Sustain Growth Momentum: Motilal Oswal

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.

Motilal Oswal Report

Gland Pharma Ltd. delivered better than expected Q4 FY21, led by a superior product mix and better operating leverage.

It is scaling up its Covid-19 vaccine manufacturing as well as expanding its sterile injectable/active pharmaceutical ingredient/oncology facilities to cater to upcoming launches.

We raise our FY22E/FY23E earnings per share estimate by 5%/4% to factor in:

  1. Strong traction in rest of world markets

  2. Increased offtake of Remdesivir

  3. Higher business scope from Enoxaparin

  4. Continued manufacturing efficiency

Click on the attachment to read the full report:

Motilal Oswal Gland Pharma Q4FY21 Result Update.pdf

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