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Share Market Live: Sensex, Nifty Hold Steady Gains

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Net profit down 45% YoY at Rs 164.52 crore vs estimate of Rs 223 crore (Bloomberg consensus)

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Revenue down 0.7% YoY at Rs 1,326.03 crore vs estimate of Rs 1,259 crore

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Ebitda down 39% YoY at Rs 253.98 crore vs estimate of Rs 322 crore Total costs up 17% YoY at Rs 1,145.37 crore

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Pranav Amin, Managing Director of Alembic Pharmaceuticals said while the India business grew exceptionally well during the quarter, the U.S. business faced price erosion due to increased competition.

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Out of 19 analysts tracking the company, 9 maintained ‘buy’, 6 maintained ‘hold’ and 4 analysts maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 18%.

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