Hikal Q4 Review - Strong Growth Across Segments: ICICI Direct
Hikal Ltd. plant in Mahad (Source: Company website)

Hikal Q4 Review - Strong Growth Across Segments: ICICI Direct

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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.

ICICI Direct Report

Hikal Ltd.'s Q4 revenue grew a robust 40.5% YoY to Rs 533 crore tracking strong growth across both segments.

Pharma posted 31.5% YoY growth to Rs 298 crore whereas crop protection grew 53.8% YoY to Rs 235 crore.

Ebitda margin expanded 188 basis points YoY, 81 basis points QoQ to 20.5% amid lower staff expenses stemming from better operational leverage.

Subsequently, Ebitda grew 54.7% YoY to Rs 109 crore. Profit after tax more than doubled to Rs 4 crore.

Click on the attachment to read the full report:

ICICI Direct Hikal Q4FY21 Result Update.pdf

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