BIOCON LTD. - 532523 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earnings Call Q3 FY2416-02-2024
BIOCON LTD. - 532523 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earnings Call Q3 FY24Biocon Q3 Results Review - Regulatory Issues Delay Niche Approvals: Motilal Oswal
Work in progress on multiple fronts to better the outlookBIOCON LTD. - 532523 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copies of newspaper publicationBiocon Q3 FY24 results : profit at 660Cr, Revenue increased by 34.43% YoY
Biocon Q3 FY24 results : Revenue increased by 34.43% YoY & profit at 660CrBiocon's Q3 Results Factor In One-Off Items That Boosted Numbers
Going forward, there will be no one-offs, says CEO and MD Siddharth Mittal.BIOCON LTD. - 532523 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Presentation and video recording of Q3 FY24 earnings callBiocon Ltd. Results Earnings Call for Q3FY24
Conference Call with Biocon Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.BIOCON LTD. - 532523 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation- Q3 FY24Q3FY24 Quarterly Result Announced for Biocon Ltd.
Biotechnology company Biocon announced Q3FY24 results: Consolidated Revenue for Q3FY24 grew 50% YoY to Rs 4,519 crore. This growth was supported by income from the divesture of two non-core business assets of Biocon Biologics' Branded Formulations India business amounting to Rs 350 crore and a gain of Rs 456 crore from Biocon’s stake dilution in Bicara Therapeutics. EBITDA for the quarter increased by 106% to Rs 1,492 crore, representing an EBITDA margin of 33% versus 24% in the same period last year. Depreciation, amortisation, and interest increased by Rs 260 crore last year. This is primarily related to the biosimilars business acquisition cost. Net R&D; investments for the quarter were Rs 329 crore, representing 11% of revenue exSyngene. Core EBITDA at Rs 983 crore, represents core operating margins of 27%. Profit Before Tax and exceptional items stood at Rs 787 crore. Reported Net Profit for the quarter stood at Rs 660 crore versus a Net Loss of Rs 42 crore in the same quarter of the previous year. "Biocon delivered Consolidated Revenue of Rs 4,519 crore for Q3FY24, driven by 65% growth in Biosimilars and 9% growth in Research Services. Consolidated EBITDA at Rs 1,492 crore grew by 106%. Net Profit, boosted by other income, stood at Rs 660 crore. A key milestone this quarter was the successful conclusion of the transition of the acquired business by Biocon Biologics and a pre-payment of ~USD 200 million towards the acquisition-related debt reduction. Steady market shares for key biosimilars in the U.S. and EU were complemented by the Emerging Markets performance which saw a number of new product launches and tender wins. We continue to make steady progress towards strengthening the foundation for sustainable growth across all three business segments”, Kiran Mazumdar Shaw, Executive Chairperson, Biocon and Biocon Biologics. “The Generics business delivered 4% sequential revenue growth in the third quarter, driven by higher API sales. The year-on-year performance, however, was muted on account of continued pricing pressure that impacted customer offtake in our API business, compared to the previous fiscal. This was partially offset by growth in our Generic Formulations portfolio. While we expect pricing pressure in the API business to persist, we continue focusing on driving cost and execution efficiencies throughout the business, to mitigate future impact. We received a tentative approval of our ANDA for Dasatinib tablets from the U.S. FDA recently, which reinforces our strategy to vertically integrate complex, difficult-to-make products”, Siddharth Mittal, CEO & Managing Director, Biocon. Result PDF