At Moneycontrol, the Results page helps you effectively track corporate announcements and results for various listed companies across both India and abroad. With our Results page, you can keep abreast with an updated, comprehensive view of all the profit/loss statements, company spendings, AGM outcomes, and quarterly and annual results from all these listed companies. Additionally, Moneycontrol also regularly tracks international MNCs listed on NASDAQ and Asian bourses, including popular companies like Apple, Google, Alibaba. Apart from finding solid copies of company results, stock movements consequent to these company results, expectations, and analytical post results copies, you will also find copies and articles detailing the earnings, impact, and all major announcements made to media/exchanges by these companies, so that you do not miss anything. We also provide you with concrete data points to help you spot profitable trades, stock build-ups, and bulk deals. At Moneycontrol, we also cover analysts/investors meetings; scrutinise results and data and BSE/NSE reports or news. The copies are not just full of information and data, but are also adequately supplemented with expert views, investor opinions, extensive interviews, videos, and a huge variety of explainers, analyses, and informative slideshows to help you gauge the market and make investment decisions in the best possible manner. More
Revenue during the quarter may fall 2 percent year-on-year to Rs 3,680 crore due to lower US growth.
Net Sales are expected to increase by 2.5 percent Q-o-Q (up 1.2 percent Y-o-Y) to Rs 3800.9 crore, according to ICICI Securities. Dr. Reddy’s to report net profit at 3800.9 crore up 1.2% quarter-on-quarter.
Surajit Pal, Research Analyst at Prabhudas Lilladher, said the pharma sector is undergoing a transition and all the large midcaps will underperform.
The pharma major reported third quarter earnings on Saturday. While revenues declined, the drop was in-line with expectations and was overall an operationally strong quarter.
US business is likely to be sluggish due to lack of quality approvals during the quarter and increasing competition in key drugs such as Dacogen, Valcyte and Vidaza generic.
Net Sales are expected to increase by 4.6 percent Q-o-Q (down 5.4 percent Y-o-Y) to Rs 3750 crore, according to HDFC Securities.
Net Sales are expected to increase by 7.4 percent Q-o-Q (down 2.9 percent Y-o-Y) to Rs 3851.4 crore, according to ICICI Securities.
Net Sales are expected to increase by 0.4 percent Q-o-Q (down 8.5 percent Y-o-Y) to Rs 3632 crore, according to KR Choksey.
The earning numbers a mostly in line with estimates and Angel Broking keeps a neutral rating on the stock, says Sarabjit Kour Nangra of Angel Broking.
Performance of Dr Reddy's Laboratories in July-September quarter is expected to be weak as profit is likely to plunge 59 percent year-on-year to Rs 298 crore on poor operational performance.
Net Sales are expected to increase by 2.9 percent Q-o-Q (down 16.9 percent Y-o-Y) to Rs 3316 crore, according to Centrum.
Domestic pharmaceutical companies are likely to report subdued sales, EBITDA and PAT figures in the second quarter of this fiscal, even as the formulations business may see a strong recovery, Reliance Securities said in its report.
The fall in revenue and profits in the first quarter was due to lack of launches in the US, says Saumen Chakraborty, CFO of Dr Reddy‘s. The company launched its first product in the US in July.
For the first quarter ended June, Dr Reddy‘s Laboratories missed estimates on all counts. Revenue declined 14 percent to Rs 3,222.5 crore in the quarter ended June 2016 from Rs 3,752.2 crore in same period last year.
Shetty says that she has her doubts on a possible revival of revenues saying that the eight drugs bought from Teva for the US market, will take till 2019 to affect Dr Reddy's revenues.
An increase in competition in the US business is going to lead to pricing pressure for Dr Reddy's Laboratories. This can lead to a fall in margins for the pharma company by about 250-350 basis points, says Deepak Malik, Associate Director, Edelweiss Securities.
US sales in Q1 is estimated at USD 270-276 million from USD 285 million (QoQ), due to pricing pressure in drugs such as Valcyte & Vidaza generic. Also, there may be some pressure in US due to market share loss in Sumatriptan auto-injector and Dacogen generic.
Sales are expected to decrease by 1.2 percent Q-o-Q (down 1.2 percent Y-o-Y) to Rs 3712.3 crore, according to Religare Research.
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs 3865 crore, according to Edelweiss
In an interview with CNBC-TV18, Pankaj Pandey of ICICI Direct talked about the brokerage's expectations from the first quarter earnings season and outlined his view on various sectors.
There are approvals pending, but not from its Srikakulam plant. But improving quality checks at pharma's plants would be a high priority, says GV Prasad, CEO, Dr Reddy‘s.
Disappointing performance in the topline and ongoing currency issues have hurt Q4 numbers of the pharma company," says Mayuresh Joshi of Angel Broking.
During the period, EBITDA may grow 11.2 percent to Rs 897 crore versus Rs 806.4 crore while margins may stand at 23 percent versus 21 percent.
Saumen Chakraborty, CFO, Dr Reddy's, says the company has been calibrating sales in Venezuala where the market and capacity is huge.
Revenue is seen rising 4.3 percent to Rs 4,007 crore in quarter ended December 2015 compared to Rs 3,843 crore in corresponding quarter of last fiscal.