Sun Pharma Q1 net seen up 34% at Rs 218.76cr

Published on Mon, Jul 23, 2007 at 13:48 |  Source : Moneycontrol.com

Updated at Mon, Jul 23, 2007 at 19:34  

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Sun Pharma is to announce its Q1FY08 numbers. According to CNBC-TV18 estimates, the company is expected to post growth of 34% in its first quarter net profit at Rs 218.76 crore as against Rs 176.73 crore in corresponding quarter of previous year.

Net sales is seen going up 28% to Rs 601.78 crore from Rs 511.64 crore. Operating profit is likely to go up at Rs 214.7 crore versus Rs 181.01 crore and operating margin is also seen inching up to 36 % versus 35%.

Factors to watch for

  • Expect good growth in both domestic & international markets
  • Growth in sales from its US subsidiary Caraco
  • Growth from introduction of new products in non  - US markets
  • May post high other income because of forex gain through FCCB

Outlook

  • To raise upto Rs 3500 crore through GDRs, FCCB, Bonds, Debentures etc
  • Reduction in R& D cost on account of demreger of R& D division
  • Strong opposition of Taro acquisition by Taro investors

Sales Break up

  • Domestic formulation 53%
  • Export formulation 34%
  • Domestic bulk drugs 4%
  • Export bulk drug 10%

 

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