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BUZZ-India's Aurobindo Pharma falls as net profit drops
February 5, 2015 / 5:44 AM / in 3 years

BUZZ-India's Aurobindo Pharma falls as net profit drops

** India’s generic drugmaker Aurobindo Pharma falls 4.5 pct

** Co’s Dec-qtr net profit falls 8 pct to 3.84 bln rupees ($62.1 mln)

** Lower-than-expected operating margin at 19.3 pct impacted earnings - analysts

** Separately, HSBC initiates coverage with an “overweight” rating, citing opportunity in generic space in the United States

** HSBC says drugmaker is well placed to benefit in injectable drugs space and is a value generic formulations player in the United States ($1 = 61.8500 Indian rupees) (Reuters Messaging: dipika.lalwani.thomsonreuters.com@reuters.net)

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