EMCURE · Healthcare
Emcure Pharmaceuticals Ltd. reported revenue of ₹1,663 cr for July to September 2023, — on the year and +6.9% on the quarter.
Operating profit (EBITDA) was ₹329 cr, a margin of 19.8%, — on the year and +76 bps on the quarter.
Net profit was ₹146 cr, — on the year and +3.5% on the quarter, with earnings per share of ₹7.69.
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.
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).
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.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,663 cr | ₹1,668 cr | ₹1,771 cr | ₹1,815 cr | ₹2,002 cr | ₹1,963 cr | ₹2,116 cr | ₹2,101 cr | ₹2,270 cr | ₹2,363 cr | ₹2,470 cr | ₹2,580 cr |
| YoY | — | — | — | +17% | +20% | +18% | +19% | +16% | +13% | +20% | +17% | +23% |
| EBITDA margin | 19.8% | 17.6% | 17.6% | 18.5% | 19.0% | 18.1% | 19.0% | 19.8% | 20.9% | 20.9% | 19.4% | 20.6% |
| Other income, % of PBT | −1% | 13% | 7% | 11% | 13% | 2% | −2% | 0% | 1% | −11% | 4% | 1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 30% | 27% | 26% | 26% | 32% | 24% | 26% | 26% | 26% | 29% | 26% |
| Net profit | ₹146 cr | ₹120 cr | ₹121 cr | ₹153 cr | ₹202 cr | ₹156 cr | ₹197 cr | ₹215 cr | ₹251 cr | ₹231 cr | ₹244 cr | ₹292 cr |
| YoY | — | — | — | +9% | +38% | +30% | +63% | +41% | +24% | +48% | +24% | +36% |
| Core profit YoY | — | — | — | +5% | +19% | +52% | +72% | +58% | +43% | +55% | +22% | +35% |
| EPS | ₹7.69 | ₹6.27 | ₹6.36 | ₹7.95 | ₹10.29 | ₹8.11 | ₹9.97 | ₹10.92 | ₹12.84 | ₹12.16 | ₹12.84 | ₹15.50 |
| 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.
Emcure Pharmaceuticals Ltd. reported revenue of ₹1,663 cr (— on the year) and net profit of ₹146 cr (— on the year) for July to September 2023.
None of the 2 checks that could run raised a question.
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