Oct 19, 2016 03:42 PM IST IST | Source: Moneycontrol.com

Marksans Pharma Q2 PAT seen up 1133% to Rs 12.7 cr: Centrum

Net Sales are expected to increase by 12.4 percent Q-o-Q (down 17.8 percent Y-o-Y) to Rs 210 crore, according to Centrum.

Centrum has come out with its second quarter (July-September) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Marksans Pharma to report net profit at Rs 12.7 crore, up 1133 percent quarter-on-quarter.

Net Sales are expected to increase by 12.4 percent Q-o-Q (down 17.8 percent Y-o-Y) to Rs 210 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 195.9 percent Q-o-Q (down 52.3 percent Y-o-Y) to Rs 24.5 crore.

Centrum's report on Marksans Pharma

We expect Marksans Pharma’s (MPL) revenue to decline by 18% YoY and grow by 12% QoQ to Rs2.10bn due to restrictive imports of company’s products in UK. MPL’s UK business (38% of revenues) is likely to decline by 28% YoY to Rs 790mn as the company has been permitted to export only critical products to the UK market.

The company’s US business (44% of revenues) is expected to decline by 19% YoY and grow by 17% QoQ due to integration of TCL during the year and commencement ofsupplies to Walgreen from Q1FY17. The company is set to report 64% YoY decline in net profit to Rs 127mn from Rs 349mn.

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