Mankind Pharma Q2 Results Review - Consumer Business Posts Sharp Recovery: Systematix

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..Systematix Research Report.Mankind Pharma Ltd.'s Q2 FY25 revenues (Rs 30,765 million, 13.6% YoY growth) were in-line with our estimates while Ebitda (Rs 8,501 million, 24.5% YoY Growth) and Net Income (Rs 6,535 million, 30.4% YoY) were above our/consensus estimates led by a sequential reduction in other expenses (down 8% QoQ). Gross margins were flat QoQ. Revenue growth was led by Exports (up 57% YoY) and recovery in consumer business (20% YoY). Growth in India Branded prescription formulation business was slightly below estimates (~10% YoY) due to regulatory headwinds in certain key products in the acute segment. Company has completed the acquisition of Bharat Serums and Vaccines (BSV), which should be integrated from Q3 FY25. We have incorporated BSV into our estimates and have rolled over our price target to September FY27E EPS. We maintain Hold on Mankind Pharma with a target price of Rs 2,565 based on 35 times PE multiple..Click on the attachment to read the full report:.Titan Q2 Results Review - Margins Under Pressure; Downgrade To 'Sell': Dolat Capital.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.

Mankind Pharma Q2 Results Review - Consumer Business Posts Sharp Recovery: Systematix

The company has completed the acquisition of Bharat Serums and Vaccines, which should be integrated from Q3 FY25, says the brokerage.

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Mankind Pharma Q2 Results Review - Consumer Business Posts Sharp Recovery: Systematix

The company has completed the acquisition of Bharat Serums and Vaccines, which should be integrated from Q3 FY25, says the brokerage.

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