Alembic Pharmaceuticals Limited
2,499words
3turns
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0executives
Key numbers — 40 extracted
rs,
8%
7%
6%
4%
14%
2%
13%
9%
5%
Rs 5.77
17%
Guidance — 2 items
Key Highlights
opening
“Product registrations as well as dossier extensions to new markets are on track to accelerate growth.”
Key Highlights
opening
“Anticipate continued growth in API business for upcoming quarters backed by robust order book.”
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Risks & concerns — 1 flagged
Yearly Financials Revenue INR Bn 53.93 53.06 56.53 46.06 12.13 EBIDTA 16.31 INR Bn Net Profit INR Bn 11.78 10.53 # 8.29 7.79 # 6.65 # 4.97 # FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBIDTA margin % Capex INR Bn 30 26 6.97 6.87 32 * 20 # 14 # 4.67 4.12 ROCE % 41* 25*# 14*# FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 * Capital excludes New Projects # Note : FY22 & FY23 numbers are without considering one-time impact of Aleor write off for better comparison.
— Key Highlights
Speaking time
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Opening remarks
Key Highlights
Revenue 15.95 8% YoY 7% QoQ R&D 8% of Sales EBIDTA 2.18 -6% YoY 4% QoQ EBIDTA Margin 14% Net Profit 1.37 2% YoY 13% QoQ Net Profit Margin 9% India Branded Business : India Branded Business recorded 5% growth with topline of Rs 5.77 Bn for Q2 FY24. US Generics : Growth of 14% on sequential basis is driven by new launches and market share gain in few existing products. Launches from new facilities to drive growth in upcoming quarters. Ex-US Generics : Momentum continued for Q2 as well with a 17% growth on YoY basis. Demand outlook remains strong. Product registrations as well as dossier extensions to new markets are on track to accelerate growth. API : Steady business delivering growth of 10% at Q2 level, largely led by high off-take and better product mix. Anticipate continued growth in API business for upcoming quarters backed by robust order book. India branded business driving growth Business Q2 FY24 Q2 FY23 Y-o-Y Q1FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Formulations India US Ex-US API 5.7
Targets
➢ Net-Zero by 2040 ➢ Water Neutrality by 2027 ➢ Plant 50,000 trees by 2027 Strategic Roadmap Business Initiatives in FY23 Plan for FY24 The India Business The US Generics Business The RoW Generics Business • • Strengthened the presence in specialty therapies with the launch of novel products Increased focus on the animal health space with therapy leading products. Launched 18 products • • Received approval for 22 products • Filed 20 ANDAs • • • • Create new marketing division for increasing sales volumes from high-growth therapies Introduce Data Analytics into onfield operations Invest in a new facility which will drive business growth Increase the launch of injectable products • Introduce oncology products in the market • Grow the product basket for dermatology and ophthalmology therapies • • Established a physical presence in Chile and UAE to serve these markets better Strengthened presence in Canada Establish an office in Mexico • • Grow presence in the MENA region Company Overview
Investor Relations Advisors
Adfactors PR Pvt. Ltd. Snighter Albuquerque snighter.a@adfactorspr.com Darshan Mankad darshan.mankad@adfactorspr.com
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