Oct 19, 2016 04:01 PM IST IST | Source: Moneycontrol.com

Sun Pharma Q2 PAT seen down 54.7% to Rs 1139 cr: Centrum

Net Sales are expected to decrease by 10.1 percent Q-o-Q (up 8.3 percent Y-o-Y) to Rs 7407 crore, according to Centrum.

Centrum has come out with its second quarter (July-September) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Sun Pharma to report net profit at Rs 1139 crore, down 54.7 percent quarter-on-quarter.

Net Sales are expected to decrease by 10.1 percent Q-o-Q (up 8.3 percent Y-o-Y) to Rs 7407 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.3 percent Q-o-Q (up 2.2 percent Y-o-Y) to Rs 1977 crore.

Centrum's report on Sun Pharma

We expect Sun Pharma Industries (SPIL) to report revenue growth of 8% YoY and decline of 10% QoQ to Rs74.07bn. We expect the domestic business (26% of revenues) to grow by 7% YoY to Rs 19.50bn from Rs 18.19bn.

Its US formulation business (46% of revenues) is likely to grow by 2% YoY to Rs 33.80bn from Rs 33.16bn due to lower growth of Taro, pricing pressure in the US market and consolidation of distributors in the US. Emerging markets (14% of revenues) are expected to grow by 13% YoY to Rs 10.30bn from Rs 9.09bn. 

The net profit is likely to grow by 3% YoY to Rs 11.39bn from Rs 11.07bn due to slower revenue growth and decline in margins.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Sections
Follow us on
Available On