01-01-1970 12:00 AM | Source: Angel Broking Ltd
Cadila Healthcare - 4QFY21 By Mr. Yash Gupta, Angel Broking Ltd
News By Tags | #5948 #494 #607 #6174

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below are Quote on Cadila Healthcare - 4QFY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Cadila Healthcare reported results below the market expectation for Q4FY21. PAT jumps 73% due to one time deferred tax adjustment of ₹ 329 Crores.

Cadila Healthcare Limited reported total revenue from operations at ₹3756 crores up by 3.5% YoY from ₹3627 crores in Q4FY20. Domestic business has done well for the company up by 18% at ₹1772 Crores while Consumer wellness business up by 22% as the company got some benefit of Covid 19 product portfolio. Profit before tax for the quarter at ₹603 crores up by 5% as compared to ₹574.5 crores in Q4FY20. Profit after tax for the quarter at ₹679 crores in Q4FY21 as compared to ₹391.9 crores up by 73% in Q4FY20 due to one time deferred tax adjustment of ₹329 Crores in Q4FY21. Company reported EPS of ₹6.6 for Q4FY21 and 20.8 For FY2021.

Cadila reported numbers in line with expectation, sales growth was muted this quarter along with the margins. On the Cash flow from operation has improved slightly and the company has done a payment of ₹2568.3 Crores in Q4FY21 this will help the company to strengthen the balance sheet.

 

Above views are of the author and not of the website kindly read disclaimer