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July to September 2023 · consolidated

Ajanta Pharmaceuticals Ltd. Q2 FY24 results

AJANTPHARM · Healthcare

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iNo flag on 2 checks2 of 19 checks ran · from the quarterly statements; filing read not yet in
Revenue₹1,028 cr▲ 0.7%on the quarter
EBITDA₹291 crmargin 28.3% (—)
Net profit₹195 cr▼ 6.3%on the quarter
EPS₹15.24

What changed

  1. Revenue ₹1,028 cr, — on the year; EBITDA margin 28.3%, —.

The quarter, explainedfrom the quarterly statements

Ajanta Pharmaceuticals Ltd. reported revenue of ₹1,028 cr for July to September 2023, — on the year and +0.7% on the quarter.

Operating profit (EBITDA) was ₹291 cr, a margin of 28.3%, — on the year and +176 bps on the quarter.

Net profit was ₹195 cr, — on the year and −6.3% on the quarter, with earnings per share of ₹15.24.

Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.

Questions to ask: none this quartereach one with its numbers and source

No check fired. That is a statement about the checks below, not a verdict on the company.

Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).

The half year: balance sheet and cashfiled with Q2

This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.

Every quartersame rules, every quarter

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue₹1,028 cr₹1,105 cr₹1,054 cr₹1,145 cr₹1,187 cr₹1,146 cr₹1,170 cr₹1,303 cr₹1,354 cr₹1,375 cr₹1,422 cr₹1,626 cr
YoY———+12%+15%+4%+11%+14%+14%+20%+22%+25%
EBITDA margin28.3%28.4%26.4%28.8%26.2%28.0%25.4%26.9%24.2%27.8%23.4%26.1%
Other income, % of PBT8%5%13%8%7%10%7%8%17%7%18%16%
Exceptional items————————————
Tax rate29%28%27%24%25%24%16%23%24%24%23%25%
Net profit₹195 cr₹210 cr₹203 cr₹246 cr₹216 cr₹233 cr₹225 cr₹255 cr₹260 cr₹274 cr₹267 cr₹334 cr
YoY———+18%+11%+11%+11%+4%+20%+18%+19%+31%
Core profit YoY———+25%+6%0%+4%+3%+4%+21%+14%+23%
EPS₹15.24₹16.39₹15.82₹19.68₹17.33₹18.64₹18.03₹20.44₹20.83₹21.91₹21.35₹26.75
Flags···✓✓✓✓✓1✓✓✓

Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.

Alerts for Ajanta Pharmaceuticals Ltd.Only when its results land or a check fires. No more than three a day; a digest for the rest. One click to stop.

Questions people ask

What were Ajanta Pharmaceuticals Ltd. Q2 FY24 results?

Ajanta Pharmaceuticals Ltd. reported revenue of ₹1,028 cr (— on the year) and net profit of ₹195 cr (— on the year) for July to September 2023.

Are there any red flags in Ajanta Pharmaceuticals Ltd. Q2 FY24 results?

None of the 2 checks that could run raised a question.

Is this a recommendation?

No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.

Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.

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