External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Biocon recently signed an exclusive licensing and supply agreement with Handok, a specialty pharmaceutical company in South Korea, for commercialisation of its vertically integrated, complex drug product, Synthetic Liraglutide.</li><li>Liraglutide is an injection in pre-filled pen, used to treat chronic weight management as an adjunct to a reduced-calorie diet and increased physical activity.</li><li>Biocon will undertake the development, manufacturing, and supply of the drug product, and Handok will be responsible for obtaining regulatory approvals and commercialization in the South Korean market.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon recently signed an exclusive licensing and supply agreement with Handok, a specialty pharmaceutical company in South Korea, for commercialisation of its vertically integrated, complex drug product, Synthetic Liraglutide.Liraglutide is an injection in pre-filled pen, used to treat chronic weight management as an adjunct to a reduced-calorie diet and increased physical activity.Biocon will undertake the development, manufacturing, and supply of the drug product, and Handok will be responsible for obtaining regulatory approvals and commercialization in the South Korean market.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon Ltd - GLP Product Launch a Big Opportunity

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Revenue grew by 3.8% YoY, majorly driven by Biosimilars (+12.2% YoY) while Generic and Research Services grew by 0.3% and -7.8% YoY respectively.</li><li>Gross margins improved by 24bps QoQ as the product mix is more favourable towards Biosimilars.</li><li>The company reported EBITDA margins of 23.4%, improving by 442bps QoQ due to higher operating profitability and lower other expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Revenue grew by 3.8% YoY, majorly driven by Biosimilars (+12.2% YoY) while Generic and Research Services grew by 0.3% and -7.8% YoY respectively.Gross margins improved by 24bps QoQ as the product mix is more favourable towards Biosimilars.The company reported EBITDA margins of 23.4%, improving by 442bps QoQ due to higher operating profitability and lower other expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon Ltd - More Challenges Ahead; Gaining Market Share

<ul><li>Biocon’s Q3FY24 reported Revenue/EBITDA/PAT are below expectations by -1%/-15%/- 76%. Biocon divested two assets in the last quarter 1.) Rs350 Cr brands to ERIS Life Sciences 2.) Rs456 Cr gain in Bicara therapeutics. After adjusting these two assets reporting Revenue Rs 3,604 Cr (+ 22.5%/4.1%, YOY/QoQ), EBITDA margins are 18% (-746bps/- 246bps YoY/QoQ).</li><li>Reported PAT Rs 54 Cr versus Rs 190 Cr YoY. Gross margins, 65.8%, decreased by -162bps/-163bps YOY/QoQ.</li><li>The company got Rs 106 Cr one-time expenses, on behalf of the integration of Biocon Bioologics business across the globe.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon’s Q3FY24 reported Revenue/EBITDA/PAT are below expectations by -1%/-15%/- 76%. Biocon divested two assets in the last quarter 1.) Rs350 Cr brands to ERIS Life Sciences 2.) Rs456 Cr gain in Bicara therapeutics. After adjusting these two assets reporting Revenue Rs 3,604 Cr (+ 22.5%/4.1%, YOY/QoQ), EBITDA margins are 18% (-746bps/- 246bps YoY/QoQ).Reported PAT Rs 54 Cr versus Rs 190 Cr YoY. Gross margins, 65.8%, decreased by -162bps/-163bps YOY/QoQ.The company got Rs 106 Cr one-time expenses, on behalf of the integration of Biocon Bioologics business across the globe.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The company’s reported revenue grew by 56.7% YoY and was majorly contributed by Biosimilars (+113.9% YoY) and Research (+31.2% YoY).</li><li>The Biosimilars segment included Viatris’ Sales in the last quarter.</li><li>The company’s gross margins increased by 183bps YoY due to changes in the product mix and price erosion in the business while EBITDA margins improved by 185bps due to the decrease in Other Expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company’s reported revenue grew by 56.7% YoY and was majorly contributed by Biosimilars (+113.9% YoY) and Research (+31.2% YoY).The Biosimilars segment included Viatris’ Sales in the last quarter.The company’s gross margins increased by 183bps YoY due to changes in the product mix and price erosion in the business while EBITDA margins improved by 185bps due to the decrease in Other Expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon Ltd - Aggressive Capital Allocation Leads to Suppressed Return Ratios

<ul><li>Reported revenue grew by 35.3% YoY and was majorly contributed by Biosimilars (+53.5% YoY) and generics (+18.1% YoY).</li><li>Adj. PAT of Rs 251 Cr increased by 14.2% YoY after adjusting one-time costs of Rs 271 Cr which arose due to the Viatris deal.</li><li>Existing and new products (bAdalimumab, bBevacizumab, bAspart) in Europe and Emerging Markets added growth in the last quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reported revenue grew by 35.3% YoY and was majorly contributed by Biosimilars (+53.5% YoY) and generics (+18.1% YoY).Adj. PAT of Rs 251 Cr increased by 14.2% YoY after adjusting one-time costs of Rs 271 Cr which arose due to the Viatris deal.Existing and new products (bAdalimumab, bBevacizumab, bAspart) in Europe and Emerging Markets added growth in the last quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Biocon Ltd - Aggressive Capital Allocation Led to Suppressed Return Ratios

India

Biocon Ltd., is an integrated biotechnology enterprise with a presence in biopharmaceuticals, enzymes, custom research and clinical research. The Company's pharmaceutical products include statins, immunosuppressants and anti-diabetic drugs. Biocon also manufactures specialty enzymes and new enzyme applications besides providing clinical and custom research services.

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Biocon Ltd (BIOS IN)

Biocon Ltd - GLP Product Launch a Big Opportunity

Biocon will undertake the development, manufacturing, and supply of the drug product, and Handok will be responsible for obtaining regulatory...

Sharekhan

Biocon Ltd - More Challenges Ahead

The company got Rs 106 Cr one-time expenses, on behalf of the integration of Biocon Bioologics business across the globe.

Axis Direct

Biocon Ltd - Aggressive Capital Allocation Leads to Suppressed Return Ratios

The company’s reported revenue grew by 56.7% YoY and was majorly contributed by Biosimilars (+113.9% YoY) and Research (+31.2% YoY).

Axis Direct

Biocon Ltd - Aggressive Capital Allocation Led to Suppressed Return Ratios

Existing and new products (bAdalimumab, bBevacizumab, bAspart) in Europe and Emerging Markets added growth in the last quarter.

Axis Direct

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