Cipla - 4QFY21 By Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Cipla - 4QFY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Cipla Limited reported total revenue from operations at ₹4,606 up by 5% YoY from ₹ 4,376 crores in Q4FY20. Domestic market revenue up by 4% while the North America market has reported growth of 17%. EBITDA for the quarter at ₹796 crores up by 22% as compared to Q4FY20. Company reported an EBITDA margin of 17.3% up by 239 Bps as compared to Q4FY20. Profit after tax for the quarter at ₹413 crores in Q4FY21 as compared to ₹246 crores in Q4FY20. Company reported profit after tax margins of 9%. Company reported the EPS for the quarter at ₹5.13 per share.
Cipla limited reported weak growth in the domestic business despite getting benefit of Covid 19 related drugs we expect in next quarter cipla limited to report some better growth numbers. Along with this, EBITDA are up by 239 bps to 17.3 and PAT margins are up by 335 bps to 9.0% some of this margin’s improvements are due to covid 19 related benefits. We have a neutral outlook towards Cipla limited.
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