Glenmark Pharma Q3 Results Review - Margin Recovery Hinges On Key Launches, Cost Control: ICICI Direct

"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. .ICICI Direct Report.Glenmark Pharmaceuticals Ltd.'s revenues increased 9.2% YoY to Rs 3463 crore, with growth driven by the U.S. and Europe. Ebitda de-grew 10.5% YoY to Rs 620.2 crore while Ebitda margins declined 394 basis points to 17.9%, mainly due to increase in other expenditure. Adjusted profit after tax declined 40.4% YoY to Rs 239 crore.Glenmark’s numbers were in line with our expectations in terms of revenues but was a miss on operational front. Such performance was led by growth coming in from across geographies. The company witnessed healthy double digit growth in North America as well as European markets while good growth was also delivered by rest of world markets. Glenmark, in the recently conducted analyst meet, has unravelled strategic initiatives like branded focus, improvement in profitability and return on capital employed besides niche product focus and global launches (Ryaltris). We continue to monitor focus on the same..Click on the attachment to read the full report:.Lupin Q3 Results Review - Margin Expansion Slower Than Expected: Systematix.DISCLAIMERThis 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."

Glenmark Pharma Q3 Results Review - Margin Recovery Hinges On Key Launches, Cost Control: ICICI Direct

Glenmark’s numbers were in line with our expectations in terms of revenues but was a miss on operational front.

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Glenmark Pharma Q3 Results Review - Margin Recovery Hinges On Key Launches, Cost Control: ICICI Direct

Glenmark’s numbers were in line with our expectations in terms of revenues but was a miss on operational front.

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