Suven Pharma - Strong Overall Q4 Results Led By Pharma CRAMS: ICICI Direct

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ICICI Direct Report

Suven Pharmaceuticals Ltd.'s Q4 FY21 revenue grew 40.3% YoY to Rs 259 crore amid 51.3% YoY growth in pharma contract research and manufacturing services sales to Rs 137.7 crore.

Specialty chemical CRAMS also posted robust growth of 35.1% YoY to Rs 109 crore.

However, formulation sales fell 36% YoY to Rs 12.1 crore.

Ebitda margins declined 566 basis points YoY to 36.2% mainly due to lower gross margin performance (down 658 basis points YoY at 64.7%).

Subsequently, Ebitda grew 21.3% YoY to Rs 94 crore.

Profit after tax was up 12% YoY to Rs 83 crore.

Delta vis-a-vis Ebitda was due to higher tax rate and lower profit share from associates.

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