Suven Pharma - Strong Overall Results Led By Pharma CRAMS: ICICI Direct 
Brightly coloured pharmaceutical medication, including antibiotics, paracetamol, Ibuprofen and cold relief tablets (Photographer Chris Ratcliffe/Bloomberg)

Suven Pharma - Strong Overall Results Led By Pharma CRAMS: ICICI Direct 


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ICICI Direct Report

Suven Pharmaceuticals Ltd.’s Q3 FY21 revenue grew 53.8% YoY to Rs 275 crore amid 1.75 times growth in pharma contract research and manufacturing services division sales to Rs 217 crore.

However, specialty chemical CRAMS nearly halved to Rs 35 crore whereas formulation sales fell 30% to Rs 23 crore.

More importantly, Ebitda margin was at 50.2% (up 568 basis points YoY) in Q3 on the back of better operational leverage, favourable product mix.

Hence, Ebitda grew 73.5% to Rs 138 crore. Profit after tax nearly doubled YoY to Rs 114 crore.

Click on the attachment to read the full report:

ICICI Direct Suven Pharma Company Update.pdf


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