Gland Pharma Q3 internet revenue rises 7% to Rs 205 crore

Gland Pharma on Monday reported 7% year-on-year (YoY) rise in internet revenue to Rs 205 crores in Q3FY25.

The corporate reported internet revenue of Rs 192 crores in the identical quarter of the earlier yr.

Income from operations declined 10% YoY in Q3FY25 to Rs 1384 crore.

Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortisation (EBITDA) for Q3FY25 got here in at Rs 360 crores, elevated by 1% YoY. Gland’s EBITDA margins in Q3FY25 rose 300 foundation factors to 26%.

R&D bills stood at ₹43.7 crore or 4.3% of income for Q3FY25. Throughout Q3FY25, the corporate filed 4 abbreviated new drug purposes (ANDAs) and obtained 8 ANDA approvals within the US.Gland has incurred complete capex of ₹138 crore in the course of the quarter ended December 31, 2024.

The corporate obtained institution inspection reviews (EIRs) indicating closure of inspection from the USFDA for its Dundigal and Pashamylaram amenities in Hyderabad.

The corporate on complicated injectables stated it has accomplished 9 filings in a focused portfolio of 19 merchandise.

“Six of those complicated merchandise have already been launched, with three extra anticipated to safe approval in the end. These merchandise goal an IQVIA market alternative of US$7.1 billion, reflecting the numerous potential of this section to drive future development,” the corporate stated.

Moreover, 15 complicated formulations that are underneath co-development with MAIA Prescribed drugs Inc, a specialty injectable growth firm, have proven promising progress. These embrace seven 505(b)(2) and eight ANDAs at totally different phases of growth. The corporate stated it expects commercialization to start from FY27.

The biologics section of the corporate stated its partnership with one of many main pharmaceutical corporations leverages the corporate’s state-of-the-art biologics manufacturing facility at Genome Valley in Hyderabad and opens thrilling new alternatives within the quickly rising biologics CDMO section.

“This collaboration is anticipated to generate incremental income beginning subsequent monetary yr,” the corporate stated.