#AjantaPharma Q3 FY22 concall highlights 💊🧪

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1. The company has announced a buyback of ₹352 Cr including taxes. Including dividend, total payout to the shareholder for the financial year is at ₹434 Cr
2. Emerging Markets business (Branded Generics) - Spread across Asia and Africa and contributes 41% of revenues. Exports to these markets were ₹361 Cr (26% growth YoY).
Sales to Asia were ₹194 Cr (1% decline YoY). Sales to Africa were ₹167 Cr (87% growth YoY) however growth looks higher due to low base effect.

3. US Generic Business - Contributed 22% of revenues. Sales were ₹166 Cr(3% growth YoY).
Pricing pressures continued and they were higher than anticipated.

4. Launched 3 new products and filed 3 new ANDAs. They are hoping to file 12 ANDAs for the year, so they are targeting 7 ANDA filings in Q4.
5.Africa Institution business - Contributed 6% to revenues. Sales were ₹36 Cr (53% decline). Institution business is more unpredictable and lumpy in nature i.e it can have high variability from quarter to quarter.
6.India business - Contributed 30% of revenues. Sales were ₹260 Cr (18% growth YoY). Growth was due to new product launches, market share gain and price increase.
7. Launched 16 new products in the first 9 months of FY22 with 4 first to market products. Field activities and it’s expenses have normalized and are back to pre-COVID levels.
8. Revenue growth was 12%. EBITDA for the quarter was flat and EBITDA margin was at 29%. Margins were under pressure due to normalization of sales and marketing expenses, increase in input costs and freight expenses.
9. Incurred capex of ₹116 Cr in 9M FY22 against a full year projection of about ₹200 Cr. Capex will be done only in India.
10. New products have been launched in the cardiology and anti-diabetes segment.
They are not going to be adding any more field force in India. The objective now is to increase productivity.
11. The pain management segment has grown. This is a deliberate strategy by management because they have very strong products in this segment and are marketing it more aggressively.
12. They are looking to increase prices by around 10% for the NLEM portfolio. Non-NLEM is very competitive and they would not be able to increase prices as much over there.
13. Almost 60-65% of countries in the emerging markets have price control, so prices are fixed and the company is free to price the product in about 30-35% of geographies.
Some countries have allowed for price increases because they realize that costs have gone up, but many countries have not allowed price increases yet.
14. The US business is very competitive. The possibility of passing on cost increases in the US is very low. That is the nature of the market in the US.
15. They are open to inorganic growth through acquisition. They will do it in the Indian market only as the US market does not make sense at this point. But so far, they haven’t been able to find compelling assets which make financial sense.

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More from @ValueEducator

Feb 2
#HappiestMinds Q3 22 ConCall Highlights

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Numbers Update -

1. The revenue for Q3 stood at 284 cr up by 47.3% YoY and 7.3% QoQ

2. Total income for Q3 was 292 cr

3. EBITDA stood at 76 cr up by 27.8% YoY, PBT at 65 cr up by 22.8% YoY
4. EBITDA Margins were industry leading at 26.1%

5. DSO stood at 93 days

6. Attrition 21.1% TTM

Business Segments -

1. Product Engineering Services - The revenue from PES was 136.6 cr

2. Digital Business Services - The revenue from DBS stood at 85.11 cr
3. Infrastructure Management & Security Services - The revenue from IMSS stood at 63.22 cr

4. The revenue from automation was 27.1% of total revenue, reported separately because automation overlaps with all the business segments.
Read 9 tweets
Feb 2
Jubilant Ingrevia Q3 2022 Concall Highlights 🧪👨‍🔬

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Operational Highlights

1. Revenue grew by 44% on YoY basis, driven by growth across product segments to ₹1,286 cr in Q3FY22 from ₹893 cr in Q3FY21
2. Revenue from Pharma, Nutrition and Agro end use increased significantly.

3. Most of the input cost is passed on resulting in better realisations

4. Acetic acid prices were high due to china and supply constraints
The change in duty for acetic anhydride and methanol will benefit more to consumers than the manufacturers
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Feb 2
#NeulandLabs Q3 FY22 concall highlights 💊💊

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1. Revenue for the quarter is ₹238.4 Cr (2.9% decline YoY). EBITDA for the quarter was ₹34.2 Cr (26.8% decline YoY) with an EBITDA margin of 14.3%.
2. They are facing supply chain issues due to raw material volatility and high logistics cost. They also benefited in the last few quarters due to raw material hedging for key ingredients, but those contracts expired in Q2 which caused a decline in margins.
They are holding higher inventory in case of possible future disruptions.
3. Currently profitability is low due to costs associated with commercialization on Unit 3. They expect more volumes from Unit 3 in the coming quarters.
Read 22 tweets
Feb 1
#EaseMyTrip Q3 2022 Concall Highlights ✈🏨🛎

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Financial Update.

1. Gross Booking Revenue (GBR) was Rs. 1,293 Crs up 44% QoQ basis and up 65% YoY.
2. Adjusted Revenue Rs. 152 Crs 147% YoY
3. Air Segment Booking 24.56 lacs 49% YoY.
4. Profit After Tax (PAT) Rs. 40 Crs 84% YoY
5. For 9M FY22 - Gross Booking Revenue (GBR) Rs. 2,544 Crs 108% YoY.
6. Adjusted Revenue Rs. 302 Crs 208% YoY.
7. Air Segment Booking 50.36 lacs 87% YoY.
8. Profit After Tax (PAT) Rs. 83 Crs 167%YoY.
9. 92.3% GMV comes from B2C business .
10. 88.8% transactions are done by B2C customers.
Read 14 tweets
Feb 1
#Punjabchemicals Q3 2022 Concall Highlights
🧪👨‍🔬

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Operations Highlights

1. The revenue for Q3FY22 grew by 22% QoQ to ₹255 Cr from ₹208.8 Cr in the previous quarter.
2. Gross margins stood at 37% in Q3FY22 compared to 40.6% in previous quarter, degrowth of (-362 bp)

3. 53.05% contribution of revenue from exports and 46.9% from domestic markets

4. Top 10 products contributed 65%+ revenues in 9MFY22
5. The contracts with Nippon Kayaku and a japanese company are performing well, the clients are satisfied with the product quality and high demand for molecules is anticipated
Read 10 tweets
Feb 1
#InfoEdge Q3 22 Concall Highlights 💻🍔

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Consolidated Financials

1. Record Q3 Billing at ₹468.1 crore, up ~58% YoY. Billing including acquired operating businesses
(IIMjobs, Zwayam and DoSelect) at ₹486.4 crore, up ~60% YoY

2. YTD Billing ₹1184.6Cr a YoY growth of 61%.

3. Q3 Revenue at ₹403.3 crore, up ~48% YoY.

4. Adjusted PBT for Q3 stood at ₹2621.1Cr.

5. YTD Revenue at ₹1074.7 crore, up ~33% YoY.
6. Operating EBITDA stood at ₹212.1 Cr vs ₹68.2 Cr last year growth of 64.4% from Q3 2021 and 6% Q3 2020.

7. Operating expense excluding depreciation and amortization was ₹291.2 Cr up 42.7% YoY, primarily driven by advertising and promotion spends.
Read 22 tweets

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