Sun Pharma Q3 Results Review - Performance Largely Inline: Dolat Capital

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. .Dolat Capital Report.Sun Pharmaceutical Industries Ltd.'s Q3 FY23 result was largely in-line with regards to revenue and Ebitda, while profit after tax came above estimates on higher other income and lower taxes.Sun Pharma's revenues were at Rs 112.4 billion (inline) grew by 14% YoY/2.6% QoQ aided by strong global specialty sales. Ebitda stood at Rs 30.1 billion, grew 14.9% YoY/declined 6% QoQ and Ebitda margin at 26.7% (inline) expanded by 22 basis points YoY/contracted 245 bps QoQ. Employee and selling, general and administrative expenses were higher YoY and QoQ on increased research and development expenses, Alchemee consolidation,expansion of field force in India, higher sales and distribution cost across geographies. Despite higher specialty sales, gross margins were flattish impacted by inventory provision of Halol plant..Click on the attachment to read the full report:.Sun Pharma Q3 Results Review - Inline Performance; Growth Levers In Place: 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.

Sun Pharma Q3 Results Review - Performance Largely Inline: Dolat Capital

Despite higher specialty sales, gross margins were flattish impacted by inventory provision of Halol plant.

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