Cadila Healthcare - 4QFY2013 Result Review - Angel Broking

Cadila Healthcare posted better than expected results for the quarter, registering a growth of 15.9% to Rs. 1,565cr v/s expected Rs. 1,344cr on sales front. On the OPM front, the OPM came in at 15.3% V/s expectation of 19.2% , a dip of 175bps. This came inspite of contraction in the OPM's, on back of Rs. 58.3cr tax write-back. This lead the net profit to come in at Rs. 262cr, V/s Rs. 171cr during the last period.

We maintain our buy with a target of 950.

Source : Equity Bulls

Keywords