Supriya Lifescience - Muted Performance On Account Of Multiple Macro Headwinds: KRChoksey

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.During Q3 FY23, Supriya Lifescience Ltd. reported a revenue of Rs 1051 million, which dropped by 13.5% YoY and 6.1% QoQ as a result of headwinds faced by the firm in the China markets but marginally offset by the demand from other Asian countries. On the operational front, Ebitda decreased to Rs 140.4 million, a decrease of by 67.9% YoY (down 72.8% QoQ). The Ebitda margins stood at 13.4% ( down 2266 basis points YoY, down 3271 bps QoQ). The margins were impacted due to an increase in labour costs, power and repairs and maintenance. There was a significant drop in profit after tax for the quarter, it fell to Rs 95.18 million (down 76.0% YoY, down 43.3% QoQ). Supriya Lifescience's net profit margins is at 9.1% (down 2351 bps YoY, down 595 bps QoQ).The reported earnings per share for the quarter is Rs 1.18, declined from Rs 2.10 in Q2 FY23 and 4.93 in Q3 FY22..Click on the attachment to read the full report:.Biocon Q3 Results Review - Aggressive Capital Allocation Led To Suppressed Return Ratios: Axis Securities.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.

Supriya Lifescience - Muted Performance On Account Of Multiple Macro Headwinds: KRChoksey

The margins were impacted due to an increase in labour costs, power and repairs and maintenance.

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