Motilal Oswal: Alkem Labs - Improved Traction In India, Controlled Opex Drives Q2 Earnings   
An employee operates machinery at a pharmaceutical plant. (Photographer: Stefano Buonamici/Bloomberg)

Motilal Oswal: Alkem Labs - Improved Traction In India, Controlled Opex Drives Q2 Earnings   

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

Alkem Laboratories Ltd. delivered better-than-expected Q2 FY21 performance led by domestic formulations and lower opex.

The U.S. generics segment has been largely steady due to less launches in Q2 FY21.

The company remains vigilant of sales outlook and has subsequently calibrated operational cost, particularly in the domestic formulations segment.

We have tweaked our earning per share estimates for FY21/FY22E to factor in continued benefit of lower operating cost in FY21 and higher tax rate for FY22E.

Click on the attachment to read the full report:

Motilal Oswal Alkem Labs Q2FY21 Result Update.pdf

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