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ALEMBIC PHARMACEUTICALS LTD. - 533573 - Typo Correction In The Consolidated Unaudited Statement Of Assets And Liabilities As At 31St March, 2020

 With reference to the captioned matter and above referred submission, this is to inform the exchange that one of the line item 'Current Tax Assets (Net)' in the Consolidated Unaudited Statement of Assets and Liabilities as at 31st March, 2020 ('Statement of Assets and Liabilities') was inadvertently left out due to typo mistake in the excel sheet. We hereby confirm that there is no other change (including in the totals) in the Statement of Assets and Liabilities submitted to the exchange. Please find enclosed herewith revised Consolidated Unaudited Statement of Assets and Liabilities as at 31st March, 2020 after correcting the aforesaid typo mistake. We request you to kindly take the same on records.
23-04-2020

Earnings Call Transcript - Q4FY20 and Full Year for Alembic Pharma

 Conference call between Alembic Pharma Management and Analysts on Q4FY20 and Full Year Results. Listen in to the full transcript. See all earnings call transcripts here. Call Participants Mr. Pranav Amin - Managing Director, Mr. Shaunak Amin - Managing Director, Mr. R.K. Baheti - Director - Finance & CFO, Mr. Mitanshu Shah - Head - Finance, Mr. Ajay Kumar Desai - Sr. VP - Finance, Mr. Jesal Shah - Head - Strategy Introductory Remarks from Pranav Amin Good evening everyone! Thank you for joining the fourth quarter conference call. I am sure you all have received our unaudited financial reports by now. Since the auditors are based in Mumbai and they are facing challenges completing the audit during this lockdown period. We will, however, publish the audited accounts whenever the situation returns to normal. However, in the interest of stakeholders, we are going ahead and publishing the financials today. Key Highlights on Financials from Mr. Mitanshu Shah Thank you Pranav! I will take you through the quarter ending year March 31, 2020. During the quarter, total revenue grew by 30% to Rs 1,207 crores Pre R&D; EBITDA is 42% of sales. Net profit after tax was up 81% to Rs 225 crores EPS for the quarter is Rs 11.93 per share vs Rs 6.58 in the previous year During full year 2019-20, total revenues grew by 17% to Rs 4,606 crores, EBITDA at Rs 1,213 crores is 26% of sales Pre R&D; EBITDA is 39% of sales. Net profit after tax was up by 42% to Rs 129 crores EPS for the full year was Rs 43.98 vs Rs 31 in previous year CAPEX for full year including capital advances was Rs 731 crores, very close to the last year number which was around Rs 650 crores Cumulative CAPEX, ongoing project under WIP including pre-operative expenses was Rs 1,492 crores Cumulative financial assistance was at Rs 677 crores The gross borrowings in the consolidated balance sheet are Rs 1,749 crores which are up by around Rs 620 odd crores from last year and we have Rs 81 crores of cash in hand Net borrowings stand at Rs 1,666 crores. Net equity driven at 0.52 We have declared a dividend in the previous board meeting on March 6, 2020. Insights on International Business It was another good quarter for the international generics business. GMP compliance continues to remain a focus area for us. Our formulation plant F1 was recently audited by the FDA which received four observations. These are largely to do with SOP improvement. We have submitted our response and are waiting to hear back from the FDA. Apart from formulation 1, the other plants are in place. We have filed 25 ANDAs for the year. R&D; expenses were at Rs 185 crores for the quarter and for the full year we have spent Rs 645 crores, approximately 14% of sales. We have launched five new products during the quarter and 22 new products during the year We plan to launch approximately 10 products in the first half of this financial year as well The international formulation business increased by 80% in the quarter to Rs 710 crores whereas for the year, it grew by 40% to Rs 2,473 crores The US generics grew by 85% to Rs 77 million for the quarter and 52% to $217 million for the year The ROW business grew by 63% in the quarter and was flat at about Rs 500 crores for FY20 Key Highlights on the domestic numbers Overall for Q3, sales grew by 18% to Rs 342 crores and it grew to Rs 1,425 crores for the financial year with 3% growth Specialty segments grew 10% in the current quarter and for the acute it grew by 24% in the current quarter This quarter has been a quarter of some recovery for our business as you guys are aware that last financial year we did kick certain strategic decisions which impacted our business for the last three quarters of the year All our cyclic growth are completely aligned in terms of hydro molecules driving our key growth segments Over the last two years, we have been focussing aggressively on the pharma side with a market driven approach to communicating to our customers and after this, after some amount of peak damage, it started to give us big dividends and allowed us to cut through the clutter. Along with that, there is still substantial scope for the business to ramp up over the next four quarters in terms of operational as well as in terms of strategic interventions that we have taken. So, we look forward to driving the business. Impact of COVID-19 from Mr Shaunak Amin The impact of Covid for this quarter has been neutral. There have been some positives as well as some negatives in the month of March and we are seeing that trend to continue in April. So, it's working out to be equal for us. In terms of the business, in terms of the turnaround, we are very confident that this is sustainable and it's not a one quarter trend. It will sustain for the next 3-4 quarters at least for sure. In terms of Covid, I think the impact has been neutral because it’s only the last week of March that we actually started seeing some impact of Covid related disruptions. I can’t predict if there will be a slow down in the growth of the acute segment because of lockdown in the next three month. The only slow down we have observed is in those non-essentials. Women healthcare has been affected. We are balancing it and see a quick recovery of that. General updates The domestic product launches for the last quarter has been in single digit and no large launches in FY20 Gross margin trend to be hovering around 70-75% Core CAPEX was at Rs 300 odd crore, Project CAPEX at Rs 370 odd crores, allure R&D; capitalisation at Rs 120 odd crores for FY20, allure on an annualized basis is Rs 75 crores First few weeks, there was a shortage of the labour cost. We are working at our 70-80% of our regular capacity when talking about manufacturing plant status or logistics situation compared to given few weeks back No issue in supply of logistics outbound and inbound. Shortage of people at ports didn’t impact us If the current lockdown extends, we don’t see any impact Pharma is an area for which demand hasn’t really changed because of lockdown and so, market-wise, we are not seeing any changes
23-04-2020
Bigul

ALEMBIC PHARMACEUTICALS LTD. - 533573 - Outcome Of Board Meeting

 With reference to the captioned matter, the exchange is hereby informed that the Board of Directors of Alembic Pharmaceuticals Limited at its meeting held today has approved the Unaudited Financial Results for the quarter and financial year ended on 31st March, 2020. We enclose herewith the following: a) Consolidated Unaudited Financial Results for the quarter and financial year ended 31st March, 2020. b) Standalone Unaudited Financial Results for the quarter and financial year ended 31st March, 2020. c) Press Release. d) Investor Presentation. The time of commencement of the Board Meeting was 11:30 a.m. and the time of conclusion was 1:15 p.m. We request you to kindly take the same on record.
23-04-2020
Bigul

Annual report for Alembic Pharmaceuticals Ltd. for FY-2020
23-04-2020
Bigul

Alembic gets USFDA nod for generic ophthalmic solution

 Alembic Pharmaceuticals on Monday said it had received approval from the US health regulator to market Alcaftadine ophthalmic solution, in the Americ
20-04-2020

Alembic Pharma share price up over 3% after USFDA tentatively approves conjunctivitis-related drug

 The company has total 120 ANDA approvals (107 final approvals and 13 tentative approvals) from USFDA.
20-04-2020
Bigul

ALEMBIC PHARMACEUTICALS LTD. - 533573 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 With reference to the captioned subject, this is to inform the exchange that the Company has received US Food & Drug Administration (USFDA) Tentative Approval for Alcaftadine Ophthalmic Solution, 0.25%. Please find enclosed herewith our press release. We request you to kindly take the same on record.
20-04-2020
Bigul

ALEMBIC PHARMACEUTICALS LTD. - 533573 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 The exchange is hereby informed that the Company will hold Post Results Conference Call on 23rd April, 2020 as per the details mentioned in the attached file. We request you to kindly take the same on record.
16-04-2020
Bigul

ALEMBIC PHARMACEUTICALS LTD. - 533573 - Board Meeting Intimation for Board Meeting To Consider Unaudited Financial Results For The Quarter And Financial Year Ended 31St March, 2020

 ALEMBIC PHARMACEUTICALS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2020 ,inter alia, to consider and approve With reference to the captioned matter, the exchange is hereby informed that a Meeting of Board of Directors of the Company will be held on Thursday, 23rd April, 2020, inter-alia to consider and approve Unaudited Financial Results of the Company for the quarter and financial year ended 31st March, 2020 in order to enable the Company to timely disseminate the financial results. Due to present situation, the audit or limited review by Statutory Auditors is not possible. Therefore, the Company will be subsequently furnishing the Audited Financial Results for the quarter and financial year ended 31st March, 2020 in accordance with the provisions of Regulation 33, Regulation 52 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to the Company's Code of Conduct, the trading window for dealing in securities of the Company was closed from 1st April, 2020. We request you to kindly take the same on record.
16-04-2020
Bigul

ALEMBIC PHARMACEUTICALS LTD. - 533573 - Clarification

 With reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, Alembic Pharmaceuticals Ltd has submitted to BSE a copy of Clarification is enclosed.
16-04-2020
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