bullish
Alkem Laboratories Ltd (ALKEM IN): Sluggish Performance Expected In Near-Term; Time to Book Profit
417 Views05 Jun 2024 23:06
SUMMARY
- Alkem Laboratories Ltd (ALKEM IN) reports 1% revenue growth in Q4FY24. However, gross margin improved significantly backed by lower raw material cost and lower intensity of price erosion in U.S.
- For FY25, the company has guided for 10% YoY revenue growth, which is at par with the last five year’s average growth.
- Alkem expects to maintain FY25 gross margin and EBITDA margin at the current level. As API prices have become mostly stable, there is limited room for further margin expansion.
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Tina Banerjee
Global Healthcare Analyst
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