Strides Pharma Q2 Results Review - U.S. Scaling To New Highs: ICICI Securities

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..ICICI Securities Report.Strides Pharma Science Ltd.’s Q2 FY25 results were driven by strong performance in U.S. (up 23% YoY) and growth markets (24.8%). U.S. sales touched a new high of $75 million in quarterly revenue and management expects performance to improve in Q3 FY25. Management now aims to achieve the higher-end of its FY25 guidance with overall revenues growing at 15%, Ebitda of Rs 10 billion and U.S. sales of ~$300 million. OneSource had recently raised $95 million at a pre-money valuation of $1.65 billion, which shall be used towards repayment of debt ($45 million) and $50 million towards increasing its cartridge and pen capacity for GLP-1s from 40 million (fully booked) to 150 million units by Q4 FY26E. We raise our FY25E/FY26E Ebitda by 8–9%, but cut our EPS estimate by 4–6% for FY25-26E to factor joint venture losses. Maintain Buy; target price revised to Rs 1,800, valuing Strides at six times (unchanged) and OneSource at 23 times (20 times earlier).Click on the attachment to read the full report:.Indoco Remedies Q2 Results Review - Weak Quarter Led By Lower U.S. Sales: PL 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.

Strides Pharma Q2 Results Review - U.S. Scaling To New Highs: ICICI Securities

The brokerage maintain our Buy rating on the stock with a higher target price of Rs 1,800.

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Strides Pharma Q2 Results Review - U.S. Scaling To New Highs: ICICI Securities

The brokerage maintain our Buy rating on the stock with a higher target price of Rs 1,800.

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