Suven Pharma Q2 Results: Net profit rises 3% to Rs 82 crore

economictimes.indiatimes.com:

net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year.

Revenue grew 12% YoY to Rs 258 crore in Q2FY25 driven by 40% growth in CDMO business and consolidation of acquired business.

Suven Pharma acquired 67.5% of Sapala Organics for Rs 229.5 crore in June, boosting nucleic acid therapy and antibody drug conjugate (ADC) technology capabilities.

The EBITDA rose 3.4% YoY to Rs106.3 crore in Q2, while the adjusted EBITDA margins were at 43.3%.

Shares of Suven rose 4.91% to close at Rs 1262.90 on BSE on Wednesday, while the benchmark Sensex declined 1.25% to end 77,690.95 points.

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