Centrum has come out with its second quarter (July-September) earnings estimates for the Pharmaceuticals sector. The brokerage house expects FDC to report net profit at Rs 56.8 crore, up 3.5 percent quarter-on-quarter.
Net Sales are expected to increase by 4.7 percent Q-o-Q (up 6.8 percent Y-o-Y) to Rs 277 crore, according to Centrum.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5 percent Q-o-Q (up 19.3 percent Y-o-Y) to Rs 71.5 crore.
Centrum's report on FDC
We expect FDC to report revenue growth of 7% YoY and 5% QoQ to Rs 2.77bn led by good performance of its flagship brands Zifi & its line extensons and Enerzal. These brands contribute 32% to the company’s revenues and are likely to be growth drivers.
We expect FDC’s net profit to grow by 23% YoY to Rs568mn from Rs461mn.
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