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
News
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.
Views
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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