• Aarti Drugs revenue rises 34.34% yoy to Rs544.67cr in Q1

    • July 29, 2020
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    Aarti Drugs Limited on Monday announced the financial results of the quarter ended June 2020. The company recorded consolidated quarterly revenue of Rs544.67cr with yoy increase of 34.34%. API segment contributed approximately 85% and formulation around 15% of the total consolidated revenues.

    Domestic sales of the API segment grew by ~28.19% and exports by 29.13%. Around 50% of the yoy growth in the API segment was due to volume growth. Formulation segment revenues grew by around 89.49% on a year-on-year basis on the account of high export growth.

    Consolidated EBITDA for the quarter ended June 2020 stood at Rs135.23cr, up by 146.89% and consolidated profit after tax for the quarter ended June 2020 was Rs85.45cr, up by 280.63% yoy. Consolidated EBITDA margin improved to 24.83%.

    “Despite challenges faced during Covid-19 lockdown, the company was able to maintain good operational efficiency which along with good realization in selling prices led to increased gross margins. Debt/Equity ratio of the Company reduced further down to 0.55 as of June’2020 on a consolidated basis,” company said.

    The company has already scaled up its anti-diabetic and anti-inflammatory capacity and it will give impetus to revenue growth in FY21. This would be further supported by good growth in formulation exports.

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