Motilal Oswal: Torrent Pharma - Annual Report Analysis FY20

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.Torrent Pharmaceuticals Ltd.'s FY20 Annual Report analysis highlights modest revenue growth of 3.5%, led by decline in the U.S. (4.2%) and Germany (6.1%).However, businesses in India/Rest of World registered growth of 8.8%/12.8%.Ebitda margins expanded 150 basis point to 27.3% due to higher gross margins, lower research and development spends (at 6.2% of revenue versus 7.0% in FY19), containment of employee expenses (at 18.0% of revenues versus 18.3% in FY19) with reduced manpower (by 750 people), and capitalisation of part employee expenses during upgradation of the Levittown facility..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Motilal Oswal: Torrent Pharma - Annual Report Analysis FY20

Motilal Oswal: Torrent Pharma - Annual Report Analysis FY20

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