Suven Pharma - Strong Overall Q4 Results Led By Pharma CRAMS: ICICI Direct
A scientist at R&D facility of Suven Pharmaceuticals Ltd. (Source: Company website)

Suven Pharma - Strong Overall Q4 Results Led By Pharma CRAMS: 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

Suven Pharmaceuticals Ltd.'s Q4 FY21 revenue grew 40.3% YoY to Rs 259 crore amid 51.3% YoY growth in pharma contract research and manufacturing services sales to Rs 137.7 crore.

Specialty chemical CRAMS also posted robust growth of 35.1% YoY to Rs 109 crore.

However, formulation sales fell 36% YoY to Rs 12.1 crore.

Ebitda margins declined 566 basis points YoY to 36.2% mainly due to lower gross margin performance (down 658 basis points YoY at 64.7%).

Subsequently, Ebitda grew 21.3% YoY to Rs 94 crore.

Profit after tax was up 12% YoY to Rs 83 crore.

Delta vis-a-vis Ebitda was due to higher tax rate and lower profit share from associates.

Click on the attachment to read the full report:

ICICI Direct Suven Pharma Company Update.pdf

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