25 Jan 2022 , 07:03 PM
During the December 2021 quarter, the company sustained its traction across branded and generic markets. India revenues grew by 13% yoy on core therapies and flagship brands.
The US business showed 7% growth in dollar terms on robust momentum in core business, especially the respiratory portfolio. India accounts for 46% of revenues and the US for 21%. As of 31-Dec,
Cipla has a total of 167 approved ANDAs, 18 tentatively approved ANDAs and 72 ANDAs that are under approval.
There was pressure on operating profit growth across international market with the API business alone accounting for a 27% fall in EBITDA due to the sharp rise in competition and thinning of margins in the business.
Operating margins contracted from 19.01% in Dec-20 quarter to 17.95% in the Dec-21 quarter. Operating margins were higher on a sequential basis.
PAT margins contracted from 14.47% in the Dec-20 quarter to 13.30% in the Dec-21 quarter. The PAT margins were higher by 41 basis point on a sequential basis.
Financial highlights for Dec-21 compared yoy and sequentially
Cipla Ltd | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 5,479 | ₹ 5,169 | 6.00% | ₹ 5,520 | -0.74% |
EBITDA (Rs cr) | ₹ 984 | ₹ 982 | 0.11% | ₹ 973 | 1.06% |
Net Profit (Rs cr) | ₹ 729 | ₹ 748 | -2.61% | ₹ 711 | 2.42% |
Diluted EPS (Rs) | ₹ 9.02 | ₹ 9.26 | ₹ 8.80 | ||
EBITDA Margin | 17.95% | 19.01% | 17.63% | ||
Net Margins | 13.30% | 14.47% | 12.89% |
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