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Samraat

Samraat Jadhav  |2096 Answers  |Ask -

Stock Market Expert - Answered on May 24, 2023

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Sanjay Question by Sanjay on May 22, 2023Hindi
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Sir, What's the future of Biocon share. It is advisable to invest in this stock.

Ans: Biocon Q4FY23 revenue surges ~57% led by biosimilars
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Revenue grew 56.7% YoY to Rs 3,773.9 crore; biosimilars grew 114% to Rs 2,102 crore and research services grew 31.2% to Rs 994.4 crore. EBITDA margin expanded 185 bps YoY to 26.4% and absolute EBITDA improved 68.5% to Rs 997.3 crore. Adjusted PAT stood at Rs 313.2 crore.
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The numbers were higher than estimates even after considering the full impact of Viatris acquisition. Biosimilars sales at Rs 2,100 crore exceeded management’s guidance of Rs 2,000 crore. GPM was in line and R&D was lower than expected. Overall, the progress on the biosimilars front, amid significant high leverage, will be key determinant for investors sentiments

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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