JB Chemicals - Beat On Q2, All Round Growth: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

JB Chemicals and Pharmaceuticals Ltd. reported a strong Q2 on the operating front driven by higher contribution from acute products Rantac and Metrogyl in India.

Revenue growth of 34% YoY. Higher opex led Ebitda margins contract to 25% (down 203 basis points YoY) for Q2 (237 bps below our expectation) maintaining swift control on fixed costs and improving productivity.

Profit after tax improved by 32% YoY at Rs 978 million.

India (grew 38% YoY), while exports (both formulations and active pharma ingredient) grew 36% YoY.

JB Chemicals' management expects India growth led by deeper penetration of legacy portfolio, new launches in paediatrics and nephrology therapies coupled with productivity improvement.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.