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Earnings Call Transcript

Anthem Biosciences Earnings Call Transcript: Key Takeaways

Revenue fell 25% YoY due to deferred deliveries, though management claims a record order book will drive second-half recovery. While EBITDA margins remain high at 39.6%, the quarter reflects high lumpiness in the CRDMO business.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthRevenue dropped 25% YoY due to deferred customer shipping schedules.
MarginsEBITDA margins stable at ~40% despite revenue decline.
Order bookRecord order book with deferred deliveries shifting to Q2-Q4.
Demand visibilityStrong; 60% of full-year order book already secured.
Management confidenceExtremely bullish, urging investors to buy shares and stay invested.

Growth

Revenue de-grew 25% YoY to ₹418 Cr; EBITDA margins improved YoY through cost optimization and better mix.

Outlook

Unit 4 commissioning expected by end of FY28; management anticipates historical double-digit growth rates for full FY27.

Risks

High dependency on timing of customer deliveries; significant upcoming capex of ₹700 Cr for Unit 4 creates cash-outflow.

Last quarter's promises, checked

Delivered

  • Guided ~20% revenue growth → delivered 18% (= BEAT)
  • Guided 20% EBITDA/PAT growth → delivered >30% (= BEAT)
  • Guided Unit 2 expansion → delivered 50% capacity increase (= BEAT)

Partly delivered

  • Guided ₹600 Cr+ capex FY27 → delivered ₹700 Cr plan (= PARTIAL)

Missed

  • Guided FY27 revenue growth → delivered -25% YoY in current quarter (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: ANTHEM. Summary written with AI assistance from the document.

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Anthem Biosciences Ltd: key numbers

Share price
₹873.60
Market cap
₹49,201 Cr
Revenue (annual)
₹2,124 Cr
Net profit (annual)
₹591.8 Cr
P/E (TTM)
85.4×Sector 50.4×
Promoter holding
71.42%-3.26% QoQ
FII holding
2.57%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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