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Suven Pharmaceuticals Ltd. reported a muted Q4 on the operational front as it faced challenges in logistics, manpower and higher raw material prices.
Revenues grew 40% YoY (down 6% QoQ) in-line with our expectations led by sharp jump in specialty chemicals post a subdued Q3.
Led by higher base QoQ and higher input costs, the company reported gross and Ebitda margins at 65% and 36% respectively, lowest in past three years.
Profit share from Rising Pharma aided profits at Rs 831 million.
Citing the current Covid-19 situation, management has guided of 12-15% growth in top-line with Ebitda margins in the range of 35-40% for FY22.
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