iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Sun Pharma spurts after Q1 PAT climbs 43% YoY to Rs 2,061 cr

29 Jul 2022 , 03:12 PM

The drug maker said that excluding covid products sales for Q1 last year, overall sales are up about 14%. Consolidated profit before tax (PBT) jumped 26.64% to Rs 2,284.84 crore in the first quarter from Rs 1804.22 crore posted in the same period last year. The R&D investments stood at Rs 460.8 crore in Q1 FY23 as compared to Rs 592.6 crore recorded in Q1 FY22. EBITDA was at Rs 2,884.4 crore (including other operating revenues), with EBITDA margin at 26.8%. Sales of formulations in India for Q1 FY23 were at Rs 3,387.1 crore, up 13% on like-to-like basis, excluding covid products sales of Q1 last year. On reported basis, the growth is 2.4% over Q1 FY22. India formulation sales accounted for about 32% of total consolidated sales. Formulation sales in the US stood at $420 million in Q1 FY23, recording a growth of 10.7% as against the corresponding quarter last year; accounting for over 30% of total consolidated sales. The emerging markets formulation sales stood at $245 million for Q1FY23, registering a growth of 12.6% over Q1 last year. Overall sales in Emerging Markets accounted for about 18% of total consolidated sales for the quarter. Formulation sales in Rest of World (ROW) markets, excluding US and Emerging Markets, were $190 million in Q1 FY23, up by 2.6% over Q1 FY22 and accounted for approximately 14% of total consolidated sales. Dilip Shanghvi, managing director of the company said, ?For Q1, all our businesses recorded good growth, driven by a combination of sustained scale-up for our specialty business and all-round growth across markets. Specialty business has grown by 29% driven by Ilumya, Cequa, Odomzo and Winlevi. Our India business continues to grow faster than market, leading to increase in market share. We have been able to report healthy margins despite rising costs. We continue to focus on expanding our global specialty business, growing all our businesses and improving our market share.? Sun Pharma is the worlds fourth largest specialty generic pharmaceutical company and Indias top pharmaceutical company. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.