BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
Granules India Ltd. reported 28.9% YoY (up 3.3% QoQ) growth in revenue to Rs 10.30 billion in Q4 FY22.
Gross margin declined 834 basis points YoY (up 229 bps QoQ) to 48.93% in Q4 FY22. The gross margins were affected by increased costs of key starting materials like Para Amino Phenol, other inputs’ costs such as solvent’s costs increase, and rise in the unrecovered freight costs YoY in Q4 FY22.
Ebitda margin contracted 656 bps YoY (up 128 bps QoQ) to 18.7% in Q4 FY22 and net profit declined 13.0% YoY (up 10.0% QoQ) to Rs 1.11 billion in Q4 FY22.
Granules India is on a medium-long term transformation path to get more backward integrated as a fully integrated active pharma ingredient, pharmaceutical formulation intermediates and finished dosage company, besides dwelling into contract manufacturing organisation for specialty segment like Oncology.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR