Motilal Oswal: Ajanta Pharma - U.S., Africa Businesses Primarily Drive Q2 Earnings   
Capsules are laid out for inspection on the production line of a drug factory. (Photographer: Tomohiro Ohsumi/Bloomberg)

Motilal Oswal: Ajanta Pharma - U.S., Africa Businesses Primarily Drive Q2 Earnings   

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Motilal Oswal Report

Ajanta Pharma Ltd. delivered all-time high quarterly revenue/Ebitda/profit after tax, led by a superior performance in U.S. / branded generics in Africa.

Operational cost remained controlled, providing further support to the company’s profitability in Q2.

We have tweaked our earning per share estimate for FY21/FY22E, factoring in -

  1. near-term weakness in Asia/Africa,
  2. increasing opex with the easing of the lockdown in India,
  3. a healthy abbreviated new drug application pipeline, and
  4. better capacity utilisation.

Click on the attachment to read the full report:

Motilal Oswal Ajanta Pharma Q2FY21 Result Update.pdf

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