Q4FY20 Result Update - Favorable forex, US help to bridge revenue shortfall, normalized margin - HOLD
Improvement in growth for LSI business remains opaque JUBILANT Q4FY20 earnings were higher than our estimate due to higher stockup in US generics, lower erosion in core portfolio and favourable forex. We assumed COVID impact to be realised in Q4FY20, but better availability of inventory and raw materials led to upbeat in EBITDA and EBITDA margin. We believe although Q4FY20 performance was better, COVID impact may drag...