Natco Pharma - Covid-19 Drags FY21; New Launches To Drive FY22: ICICI Direct
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ICICI Direct Report
Natco Pharma Ltd.’s Q4 FY21 revenues de-grew 27.2% YoY to Rs 331.3 crore due to decline across verticals.
Export formulations declined 27.6% YoY to Rs 158.8 crore due to significant drop in gTamiflu sales.
Domestic formulations de-grew 20.3% to Rs 81.8 crore amid a sharp fall in oncology sales.
Active pharmaceutical ingredient business declined 26.6% YoY Rs 70.8 crore.
Ebitda margins contracted 521 basis points YoY to 23%, mainly due to higher employee cost.
Ebitda fell 40.6% YoY to Rs 76.2 crore. Ensuing profit after tax declined 43.7% YoY to Rs 53 crore.
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