Ajanta Pharma reports decent Q1 outcome

29 Jul 2022 , 11:54 AM

On the segmental front, revenue from Exports was Rs 665 crore (up 30% YoY) while that from the Domestic business was Rs 279 crore (up 22% YoY) during the quarter. Total expenses rose by 36% YoY to Rs 761.83 crore during the quarter ended 30 June 2022. Cost of materials rose 29% to Rs 280 crore and employee benefits expenses increased 19% to Rs 183 crore in Q1 FY23 over Q1 FY22. During Q1 FY23, R&D expenses were Rs 54 crore, which is 6% of revenue from operations. R&D expenses were Rs 45 crore in Q1 FY22. EBITDA rose marginally to Rs 222 crore in Q1 FY23 from Rs 220 crore in Q1 FY22. EBITDA margin degrew to 23% in Q1 FY23 as against 29% posted in Q1 FY22. Profit before tax in Q1 FY23 stood at Rs 221.86 crore from Rs 220.45 crore in Q1 FY22. Ajanta Pharma is a specialty pharmaceutical formulation company having branded generic business in India and emerging markets, generic business in US and institution business in Africa. Shares of Ajanta Pharma rose 0.40% to Rs 1,278.95 on the BSE. Powered by Capital Market – Live News