Alembic Pharmaceuticals Q1FY18 consolidated net profit declines 39 per cent yoy

Alembic Pharmaceuticals consolidated revenue for the quarter came in at Rs. 648 crore, registering 12% yoy decline.

This was driven by 21% yoy decrease in revenue from India formulation business. It has also registered de-growth of 8.7% yoy in its international formulation business.

EBITDA for the quarter fell by 35.7% yoy to Rs. 101 crore with a corresponding margin contraction of 571 bps. EBITDA margin for the quarter stood at 15.6%. This margin contraction was driven by increase in purchase of stock in trade and employee benefit expenses by 50% yoy and 18% yoy respectively.

The PAT for the quarter came in at Rs. 63 crore, yoy decline of 39%.

During the quarter, Q1FY18, company has received 6 ANDA (Abbreviated New Drug Application), cumulative ANDA approvals at 58.