Higher opex leads to EBITDAPAT miss

Company
03 May 2024
5 Min read 
  • Ajanta Pharma's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company aims to consistently outperform the industry in branded generics.
  •  Despite in-line sales, EBITDA/PAT missed expectations due to higher opex.
  •  The company plans to file 8-12 ANDAs and launch 6 ANDAs in US generics in FY25.
  •  Ajanta Pharma's revenue grew 20% in 4QFY24, with growth across all key business segments.
  •  The company expects low-teens YoY growth in revenue for FY25.
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