Tatva Chintan Pharma Q1 Results Review - Yet Another Cut In FY25 Guidance: Nirmal Bang

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..Nirmal Bang Report.Tatva Chintan Pharma Chem Ltd.’s Q1 FY25 came significantly below our expectations on account of pricing pressure due to subdued demand. Impact of significant increase in freight cost due to container availability issues is expected in Q2 FY25. The management has yet again revised FY25 overall revenue guidance down to ~20%-30% on account lower structure directing agents pricing and slower scale up of the rest of the portfolio due to lack of aggressive restocking by the customers. The timing of demand recovery seems uncertain.We believe that the delay in the scale up of ex-SDA portfolio due to demand challenges, China dumping and delay in SDA growth attributable to EU 7 implementation might lead to consensus earnings downgrades over the next two years. Maintain Sell after rolling forward valuation to June-26E and revised target price of Rs 900 (earlier Rs 1,000). We value Tatva at 22 times price-to-earning..Click on the attachment to read the full report:.United Spirits Q1 Review - Impressive Results; Sales Momentum To Be Better In H2: Nirmal Bang.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.

Tatva Chintan Pharma Q1 Results Review - Yet Another Cut In FY25 Guidance: Nirmal Bang

Demand and pricing recovery and timely commercialisation of projects are key monitorables, in brokerages' view.

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Tatva Chintan Pharma Q1 Results Review - Yet Another Cut In FY25 Guidance: Nirmal Bang

Demand and pricing recovery and timely commercialisation of projects are key monitorables, in brokerages' view.

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