Eris Lifesciences Q2 Review - Efforts Underway To Scale Up Acquired Business; Maintain Neutral: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Eris Lifesciences Ltd. delivered in-line revenue/Ebitda in Q2 FY25, with moderate 7% YoY growth in base business. Eris continues to build presence across the value chain in the biologics segment. In addition to the acquisition of marketing strength of Biocon (Q1 FY25) and fill-finish dosage manufacturing unit (Q2 FY25), Eris has recently acquired a 30% stake in Levim to gain access to a bulk manufacturing facility and biologic product development expertise. We trim our estimates by 6%/4%/2% for FY25/FY26/FY27 to factor in the shortage of insulin products and slower growth in base business. Compared to 50%/46% YoY growth in revenue/Ebitda in H1 FY25, we expect 53%/61% YoY growth in revenue/Ebitda for H2 FY25, largely due to acquisitions and new launches in focus therapies. We value Eris at 25 times 12 months forward earnings to arrive at a target price of Rs 1,230. Eris has built growth levers inthe biologics segment through its presence across the value chain, and b) the injectable space through Swiss Parenterals. .However, considering the valuation, there is limited upside from current levels. Maintain Neutral..Click on the attachment to read the full report:.Eris Lifesciences Q2 Results: Net Profit Declines 20% To Rs 97 Crore.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Eris Lifesciences Q2 Review - Efforts Underway To Scale Up Acquired Business; Maintain Neutral: Motilal Oswal

The company's Swiss parenterals business is expected to generate Rs 3.3 billion, adds the brokerage.

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Eris Lifesciences Q2 Review - Efforts Underway To Scale Up Acquired Business; Maintain Neutral: Motilal Oswal

The company's Swiss parenterals business is expected to generate Rs 3.3 billion, adds the brokerage.

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