shriram Logo




Auro Pharma dn on weak Q4
May 29 2023 2:02PM
Shares of Aurobindo Pharma plunge over 3 percent in morning trade on May 29, a day after the company posted a 12 percent year-on-year decline in net profit at Rs 506 crore in the March quarter of the financial year 2022-23. Sequentially, Aurobindo's net profits climbed by 3 percent from the profit of Rs 491 crore in December 2023 quarter.

In terms of revenue, the Hyderabad-headquartered drugmaker recorded an 11 percent gain in revenue at Rs 6,473 crore in Q4FY23 compared to Rs 5,809 crore in the corresponding period of the preceding fiscal.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4FY23 stood at Rs 1,002 crore, marking a 3 percent increase from Rs 974.4 crore in Q4FY22. The margin, however, slumped by 130 basis points to 15.5 percent from 16.8 percent in the year-ago quarter.

One basis point is one-hundredth of a percentage point.

Here are the highlights of Aurobindo Pharma's March quarter earnings:

The company's US formulations revenue increased by 11.6 percent YoY to Rs 3,045 crore, accounting for 47 percent of consolidated revenue.

Europe revenue in Q4FY23 amounted to Rs 1,660 crore, accounting for 25.6 percent of consolidated revenue.

Growth markets revenue experienced rose 51.2 percent YoY to Rs 592 crore.

Antiretroviral (ARV) business revenue amounted to Rs 159 crore, accounting for 2.5 percent of revenue.

API (active pharmaceutical ingredient) business revenue grew by 11.4 percent YoY to Rs 1,017 crore.

Aurobindo Pharma received final approval for 26 Abbreviated New Drug Applications (ANDAs), including four injectable products, from the US Food and Drug Administration (USFDA).