28, May 2025
Remedium Lifecare Emerges as a Resilient, High-Growth Opportunity amid Concerns Over Trump’s Pharma Tariffs
As speculation grows over potential pharmaceutical tariffs, global pharma stocks are experiencing renewed volatility. However, market experts suggest the concerns may be overstated, particularly for companies with limited direct exposure to the U.S. market.
Remedium Lifecare, a mid-cap BSE-listed pharma company, stands out as a safe haven amid the noise. The company’s business is strategically insulated from U.S.-centric policy risks, with a focus on API intermediates and a strong footprint across Europe and Asia. Most notably, Remedium recently secured a ₹182.7 crore export contract with a leading UK-based pharmaceutical player, demonstrating both market confidence and global relevance.
As global investors reassess their exposure to pharma stocks heavily reliant on U.S. trade, attention is shifting toward firms with diversified geographies, robust pipelines, and innovation-led growth. Remedium’s ongoing expansion into CNS, oncology, and metabolic research, coupled with its Singapore-based subsidiary Remlife Global focused on cutting-edge, animal-free API production, strengthens its long-term value proposition.
Adding to its innovation strategy, Remlife Global has partnered with JiyaYu Lifesciences, a green chemistry platform. The partnership focuses on replacing animal-origin raw materials in API manufacturing. JiyaYu will license its technologies to Remlife Global, which will scale and commercialize them using sustainable, regulatory-compliant bioprocesses at GMP-certified contract manufacturing facilities.
Remedium recently raised ₹182.7 crores through issue and these funds will be used towards strengthening of working capital, strategic investments in R&D and market expansion.
With limited U.S. dependency and a forward-looking innovation strategy, Remedium Lifecare offers geopolitical insulation and significant upside potential—positioning itself as a compelling choice in an uncertain global pharma landscape.
Market experts have expressed strong confidence in Remedium Lifecare’s growth prospects, recommending a BUY rating on the stock. The company’s strategic diversification, robust R&D pipeline in CNS, oncology, and metabolic therapies, and recent international contract wins as key drivers for future growth.
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- By Neel Achary
28, May 2025
CSITM hosts book launch for Prof. Rahul De’s latest work ‘AI for Managers’
28 May, 2025, Bengaluru: The Centre for Software and IT Management (CSITM) at IIMB hosted the book launch of former Information Systems area faculty Prof. Rahul Dé’s ‘AI for Managers’, as part of an AI bootcamp for Business Managers on 24 May 2025. The unveiling brought together Dr. Rohini Srivathsa, Chief Technology Officer, Microsoft India & South Asia; Prof. Rishikesha T. Krishnan, Director, IIMB; and Prof. Sourav Mukherji, Dean, Alumni Relations & Development. Prof. Shankhadeep Banerjee, Chairperson, CSITM, delivered the opening remarks.
Prof. Dé’s academic journey began in the AI lab at the Katz Graduate School of Business, University of Pittsburgh, where he studied under Nobel Laureate Herbert Simon. His work, since his days as a doctoral researcher, has focused on the application of AI in information systems and management. AI for Managers has brought this experience together in a volume designed to help business professionals navigate AI capability without deep backgrounds in mathematics or coding.
“What I set out to write,” Prof. Dé shared, “was a low-math, low-code book that explains AI in terms that managers can intuitively grasp. The goal is to empower readers to think critically about the technology and its implications for business and society”.
The book spans 16 chapters covering topics such as digital transformation, machine learning, responsible AI, natural language processing, deep learning, Bayesian learning, reinforcement learning, swarm intelligence, and agent-based modeling.
Rejecting both stances of unbridled optimism beating the AI drums and dystopian alarmism claiming breakdown of nation states, loss of jobs, mega control by corporations, and massive global poverty caused by the deluge of AI applications, Prof. Dé emphasized the importance of independent thinking. “We must understand the technology deeply enough to form our own judgments, not adopt ready-made positions”, he said.
Dr. Rohini Srivathsa shared perspectives on the shifting enterprise landscape: “With AI becoming mainstream, we are moving beyond use-case adoption to deeper transformation”. She outlined four emerging archetypes: shaper conversational employee engagement through generative AI, workplace and workflow transformation, operational efficiency, and innovation-led product development.
Prof. Sourav Mukherji, who moderated the panel, posed a question to Prof. RT Krishnan about the threat AI poses to knowledge building and delivery. “What we are now seeing is that AI, ML, and deep learning technologies have permeated business to the extent that when an MBA student goes to a job interview, there is an expectation of a fairly comprehensive understanding of AI capability. And the expectation might be higher depending on the industry”. He further added, “At IIMB, we were quick to realise that our curriculum needs to iteratively grow at an increasing pace so that our students are conversant with AI. The challenge for us now is to decipher to what extent we want AI to be part of the learning process itself”.
Commenting on organizational readiness, Dr. Srivathsa added, “We are still in the early days of enterprise AI adoption. But the frontier is expanding. AI will soon be seen not as a tool for optimization, but rather a general-purpose technology capable of reshaping core business processes”.
Workshop on fundamentals, best practices, and emerging trends in Artificial Intelligence
The AI bootcamp for Business Managers was led by Sunil Mishra, Founder, The Product Way, who drew from over 25 years of technology experience with organizations such as Infosys, Accenture, McKinsey & Company, and Oracle, to map the ways in which AI capability has created differentiation not only at an organizational level, but also in terms of everyday reasoning and decision-making.
The bootcamp brought together students from IIMB’s PGPEM programme for Working Professionals, PhD scholars, thinkers, developers, and professionals from diverse sectors, including aerospace, automotive, healthcare, fintech, banking, blockchain, and cybersecurity, representing Boeing, OLA, Adobe, IBM, OPTiM, and more.
Participants engaged with core AI developments, from early machine learning in the late 1990s, to deep learning as a form of predictive AI in 2006, the breakneck growth of generative AI in 2021, and the rapid emergence of agentic AI in 2025, which is poised to disrupt reasoning, automation and interoperability through autonomous decision-making.
The interactive session also raised critical questions around job redundancy in the face of accelerating AI adoption. The rapid proliferation of AI applications has brought us to a clear inflection point, the discussion pointed. “The disruptive impact is undeniable, but embracing AI tooling will only continue to serve as a source of competitive advantage, relevance, and agency”, said Sunil Mishra. Participants were encouraged to consider the nature of future work and to engage with this transformation as a necessary and constructive challenge.
Throughout the day, participants indulged in workshops, discussions and presentations on Introduction to classical AI stack, Neural networks and transformers, Evolution of LLMs, Architecture, training process, capabilities and limitations, Exploring zero-shot, one-shot and few shot-learning, Use of GenAI tools, Exercise for creating customer support bot, product prototypes and an online survey application, Finetuning LLM for specific use cases, Overview of RAG architecture and use cases, Overview of Agentic AI and use-cases, Use of Agentic AI platforms, Creating your own autonomous agent, Creating an HR policy agent, Create personal AI stock analyst, Emerging trends in Gen AI, and its Ethical, Regulatory, and Strategic considerations.
28, May 2025
Hero Realty Unveils ‘The Palatial’ – A Landmark Residential Project by Hero Homes on Dwarka Expressway
Gurugram, 28th May 2025: Hero Realty, the real estate arm of Hero Enterprise, today announced the launch of its marquee luxury development, The Palatial by Hero Homes, an ultra-premium residential project located in Sector 104, Dwarka Expressway, Gurugram. Spanning approximately 11 acres, this high-rise enclave sets a new benchmark for upscale living by blending sophisticated design, modern technology, and sustainable sensibilities.
The Palatial comprises architecturally striking towers housing more than 680 luxury residences, offered in expansive 3.5 and 4.5 BHK formats with prices starting from ₹4.68 crore and going up to ₹6.15 crore. Each home is designed for elevated living, with access to digital automation, smart security, and personalized design options across 13 curated interior palettes. Additionally, The Palatial includes over 3 lakh sq. ft. of integrated high-street retail, fashion, and entertainment, creating a vibrant lifestyle ecosystem steps away from each home. Committed to responsible development, The Palatial integrates EV charging stations, Wi-Fi-enabled common zones, and optimized spatial design to support an eco-conscious and tech-forward lifestyle.
Rohit Kishore, CEO, Hero Realty, said: “The Palatial is envisioned as a landmark destination, a community where refined architecture, smart systems, and open, green spaces come together to offer aspirational urban living. It is not just a residence, but a sanctuary built for comfort, connection, and convenience.”
At the heart of the development is a 57,000 sq. ft. grand clubhouse featuring a dramatic double-height entrance and amenities that include a banquet hall and fine-dining restaurant, a Temperature-controlled swimming pool, a Fitness center, wellness zones, a spa, and a salon, Badminton and squash courts, Dedicated spaces for music, dance, and aerobics, and a Business center with flexible work-from-home zones Positioned along the rapidly evolving Dwarka Expressway, The Palatial offers swift access to IGI Airport, Aerocity, Cyber Hub, and Future Smart City. Major infrastructure upgrades such as multi-level interchanges, underpasses, and elevated corridors ensure enhanced connectivity to key business districts, healthcare institutions, and lifestyle hubs across Delhi NCR.
28, May 2025
Scaler School of Technology Reports 96.3% Internship Placement for First Batch, Backed by Strong Industry and Global Participation
Bangalore, 28th May 2025 – Scaler School of Technology (SST), India’s premier destination for computer science education has reported a 96.3% internship placement rate for its first batch (2023-27), according to its first Internship Placement Report, audited by B2K Analytics – the same firm that audits the placement report of prestigious institutes like IIM Ahmedabad, XLRI, MDI Gurgaon, and other premier management institutes. With the process still underway, students have already secured roles across 96 organisations, ranging from high-growth startups to global technology firms, with a few more offers in the pipeline.
Companies offering internships include Zomato, Swiggy, 1MG, and international names such as Stash Away and Neurowyzer (Singapore), Apple Developer Academy (Indonesia), and Digital Product School (Germany). A total of 232 internship offers have been extended so far, with 36% of students even receiving multiple offers, signalling strong employer interest across in SST’s 2nd year students. The highest monthly stipend offered was INR 2,00,070 (converted to INR from SGD), while the average stipend stood at INR 31,264. Moreover, students in the top 10% secured an average monthly stipend of INR 92,000, reflecting robust demand for high-performing, job-ready talent.
A distinctive outcome of this placement cycle is that nearly 50% of students came in without a prior computer science background. These results are particularly noteworthy as they represent second-year students in a 4-year program – a rarity in Indian undergraduate education where most placements typically occur in the final year. Their successful internship conversions across diverse industries and geographies reflect the effectiveness of Scaler School of Technology’s applied learning approach and deep alignment with current industry requirements.
Anshuman Singh, Co-founder and Dean at Scaler School of Technology said, “Internships or industry exposure are no longer an optional good-to-have. They are a necessity to bridge the gap between education and employment. This year’s results reflect a growing industry need for talent that’s not just academically trained but truly execution-ready. The strong industry response, including participation from global companies, reinforces our belief that when education is closely aligned with real-world expectations, it opens meaningful opportunities early in a student’s journey.
Our goal: in the next five years, we intend to establish SST among the world’s top undergraduate institutions for career outcomes – be it placements, entrepreneurship, or global postgraduate admits. We’re deeply grateful to our ecosystem of mentors, recruiters, parents, and above all, our pioneering students for making this possible.”
The internship program is a key feature of SST’s 4-year undergraduate programme in Computer Science and AI, which includes a one-year industry immersion. This extended structure is designed to provide students with hands-on experience well before they graduate, aiming to make them workforce-ready from day one.
As industry exposure or internships become a critical barometer of future employability in the tech sector, the report offers a snapshot of how new-age institutions are closing long-standing skill gaps through redesigned models of education and mentorship with first principles and razor-sharp execution .
28, May 2025
Tata Elxsi Presents Battery Aadhaar Powered by MOBIUS+ at Battery Summit 2025
Mumbai, India, May 28, 2025: Tata Elxsi, a global leader in product engineering and innovation, showcased the technology demonstrator of Battery Aadhaar at the Battery Summit 2025, organised by the World Resources Institute (WRI) India. This demonstration formed part of a consortium-led initiative aligned with India’s ambitions for sustainable mobility and circular energy systems. The initiative was supported under the UNEP-led programme ‘Electrifying Mobility in Cities’, coordinated by NITI Aayog and the Department of Science & Technology, Government of India.
Tata Elxsi, along with leading consortium partners—including Tata Motors, Tata AutoComp Systems (TACO), IIT Kharagpur, WRI, LOHUM Cleantech, NUNAM Technologies, and Oorja Energy—presented the Battery Aadhaar concept to Hon’ble Minister Dr. Jitendra Singh, Minister of State (Independent Charge) of the Ministry of Science and Technology and key government stakeholders as an end-to-end Indian battery ecosystem enabler.
Battery Aadhaar represents a national effort to provide batteries with secure, digital identities, enabling traceability, regulatory alignment, and lifecycle transparency—from raw material sourcing to second-life usage and recycling. By capturing key lifecycle data such as manufacturer identity, usage history, and material composition, Battery Aadhaar helps prevent unsafe reuse, non-compliance, and environmental risk.
Built on Tata Elxsi’s MOBIUS+ platform, the solution integrates blockchain-backed traceability, dynamic data flows, and automated compliance reporting. Through MOBIUS+, Tata Elxsi is enabling the foundation for a trusted, digital, and transparent battery ecosystem in India.
The demonstration included:
• Creation of Battery Aadhaar and Digital Product Passport (DPP)
• Chain of custody and lifecycle mapping
• Public and private data access views
• Role-based dashboards for OEMs, battery manufacturers, recyclers, and regulators
• Real-time analytics including battery health prediction and residual useful life estimation
The platform has been designed to align with evolving Indian regulatory initiatives and is architected to adapt to international frameworks including the EU Battery Regulation, emerging Japanese and North American standards, and future global battery passport specifications.
Anil Radhakrishnan, Chief Product Officer, Tata Elxsi, said: “MOBIUS+ is designed to accelerate the transition to a cleaner mobility future by enabling digital transparency, traceability, and compliance through initiatives like Battery Aadhaar. Our goal is to empower stakeholders across the ecosystem with scalable, future-ready solutions that support India’s green growth ambitions.”
The MOBIUS+ platform offers an AI Copilot layer for assisted interpretation of regulations, data quality checks, and automated reporting. Its modularity enables seamless onboarding of ecosystem participants, while blockchain capabilities ensure verifiable, tamper-proof audit trails.
Delegates at the Battery Summit, experienced a live demonstration, including QR-code based access to real-time battery data views—offering a tangible glimpse into the future of policy-aligned digital battery infrastructure and innovation.
28, May 2025
CaratLane launches ‘Runway’: a first-ever fine jewellery tribute to women in aviation
28th May 2025, Mumbai: CaratLane – A TATA Product, has recently unveiled a ground-breaking new jewellery collection — Runway, celebrating the spirit, ambition, and elegance of women in aviation. With this launch, CaratLane becomes the first Indian jewellery brand to ever pay tribute to the trailblazing women of the skies.
The campaign film brings to life the stories of a commercial pilot, a cabin crew professional, and a fighter pilot, all of whom found their unique ways to express their love for flying through this exquisite collection. In a world-first moment for the category, the Runway collection soars above convention, featuring a stunning line-up of 20+ designs crafted in 9KT & 14KT gold and diamonds. Some of the designs have mobile aircraft motifs that move with grace. Each design narrates a story of flight, courage, and sky-high dreams, through fine jewellery.
CaratLane hosted an exclusive collection preview event with full grandeur at the signature store in Bandra, Mumbai, where real-life cabin crew were invited for a first look. The event was graced by the presence of Gul Panag—actress, politician, and adventure enthusiast—who is also a licensed private pilot.
Saumen Bhoumik, MD – CaratLane, said, “Aviation in India is one of the fastest-growing industries globally, and we proudly have the highest share of lady pilots. Right from the days of a single national carrier, Air India, aircrew members have been icons of style and symbols of a rising, modern India. This thoughtfully designed collection is our tribute to the brave women who make our skies safer, better, and smarter every single day.”
Gul Panag remarked, “This collection speaks straight to my heart. Aviation gave me wings, and now there’s jewellery that celebrates that feeling in such a stylish and everlasting way. It is definitely a must-have for aviation enthusiasts. There’s only one thing better than flying, and it’s flying in style!”
28, May 2025
Pioneer Expands R&D in Bengaluru, Inaugurated Center for Advanced Automotive and Mobility Technology Development
Bengaluru, India, 28th May, 2025 — Pioneer India, a subsidiary of Pioneer Corporation, a global leader in automotive electronics and mobility solutions, inaugurated its new Research & Development (R&D) Center in Bengaluru, India.
This milestone follows the company’s 2023 announcement to establish an R&D presence in Bengaluru . The new facility reinforces Pioneer’s strategic vision to expand its innovation capabilities and strengthen its global product development footprint.
The Bengaluru R&D center is designed to drive innovation across a comprehensive range of automotive and mobility technologies addressing the growing demand for smart, safe, and affordable mobility across developing and urban markets. The center will work closely with Pioneer’s global network of R&D and engineering centers, focusing on the following areas:
• Automotive Vision & Sensing Technologies (dash cams, digital mirrors, 360° vision amongst other camera systems)
• Advanced Driver Assistance Systems (ADAS)
• Digital Cockpit & Human-Machine Interfaces (HMI)
• Cloud-Connected Infotainment & Telematics
• AI & Mobility Data Platforms
• Connected Solutions for Two-Wheelers (navigation displays, safety alerts, mobile integration, SOS features)
The center will serve OEM, aftermarket, and B2B segments—including fleet operators and insurance providers—while also addressing the specific needs of Indian automotive manufacturers through faster development cycles and region-specific solutions.
“The launch of our Bengaluru R&D center represents a critical step in our global growth strategy,” said Shiro Yahara, President and CEO, Pioneer Corporation. “India’s deep talent pool and dynamic mobility ecosystem make it an ideal base to drive innovation across vision, connectivity, and intelligent systems for vehicles of all kinds.”
“We are building a world-class R&D team in India to lead the development of future mobility solutions,” said Siva Subramanian, PhD, CEO, Pioneer Mobility AI & Connectivity Company (MAC). “From next-gen camera systems and digital cockpits to two-wheeler connectivity and cloud-based platforms, this center will help shape products for both local and global markets.”
Joining the overseas executive members on the occasion, Aniket Kulkarni, Managing Director – Pioneer India, and Manish Bhasin, Vice President – R&D, Pioneer India, expressed their strong commitment to supporting Indian automotive manufacturers with integrated hardware and software solutions, aligned with the organization’s mission of advancing mobility experiences.
The state-of-the-art facility houses specialized labs for camera testing, embedded systems, electronics, and software validation. It also features collaborative spaces to foster agile and cross-functional product development.
As part of its expansion strategy, Pioneer is actively hiring across a wide range of engineering disciplines in India, including talent in embedded software, computer vision, cloud connectivity, mobile integration, and AI. The company plans to significantly scale its R&D workforce in India in the coming months.
This expansion reflects Pioneer’s group vision, “Creating the Future of Mobility Experiences” while focusing on Sound, Safety, Security, Comfort, and Convenience.
Pioneer India Electronics Pvt. Ltd., a subsidiary of Japan’s Pioneer Corporation, is a leading brand in car entertainment and mobility solutions. Since inception in 2008, it has offered a wide range of in-car products including stereos, speakers, subwoofers, dash cameras, and accessories tailored for Indian consumers.
With Pioneer’s Group vision, ” Creating the Future of Mobility Experiences” Pioneer India is strengthening its local footprint through R&D centers in Gurugram and Bengaluru and plans to begin in-car product manufacturing in India in 2026. This strategic move will establish a full value chain—R&D, manufacturing, and support—within the country, reinforcing its commitment to innovation and customer satisfaction.
28, May 2025
CakeZone and Nomad Pizza Win Top Honours at Zomato’s Plastic-Free Future Packathon
Bengaluru, 28th May 2025 –CakeZone and Nomad Pizza, brands which are a part of Curefoods portfolio of food brands, have emerged as category winners at Zomato’s second edition of the Plastic-Free Future Packathon. CakeZone secured the award in the Cakes category, while Nomad Pizza was recognized in the Pizza category for their commitment to eco-friendly, plastic-free packaging.
As part of their sustainability journey, both brands have eliminated plastic completely from their packaging processes, especially in large cakes and single-serve formats. This shift reflects the brands’ broader mission of integrating sustainable practices into every aspect of food production and delivery. The company has replaced conventional plastic packaging with paper-based and recyclable raw materials across the entire product catalogue, ensuring that every order reflects its eco-conscious ethos.
Zomato’s Plastic-Free Future initiative, backed by Startup India and DPIIT, is aimed at driving a shift across the food industry by encouraging practical, scalable alternatives to plastic. With more than 200 food delivery brands participating in this year’s edition, the recognition of CakeZone and Nomad Pizza places Curefoods is at the forefront of this movement.
Ankit Nagori, Curefoods, said: “With CakeZone and Nomad Pizza, we’ve reimagined packaging as a statement of responsibility. Being recognized by Zomato’s Plastic-Free Future initiative supports our long-term vision of scaling food brands that care for both customers and the planet. We’re glad to be a part of this shift and hope it inspires more brands to adopt environmentally conscious practices.”
Anjalli Ravi Kumar, Chief Sustainability Officer, Eternal, commented, “We’re committed to supporting the restaurant industry’s transition to sustainable packaging for food delivery and their efforts to create a positive environmental impact at scale. Through the Zomato Plastic-Free Future Program, we’ve been celebrating over 200+ restaurant brands that are currently leading this change. The Plastic-Free Future Packaging Awards announced at the Zomato Packathon 2025 event marked a significant step forward, honoring 24 national and regional restaurant brands across cuisine categories that have adopted sustainable packaging alternatives without compromising on customer experience. These restaurants are paving the way for others to follow, inspiring an industry-wide shift for a more sustainable future, and we are proud to be a part of their journey.”
CakeZone and Nomad Pizza’s packaging for food delivery was assessed based on the impact each packaging SKU has on the environment, coupled with data on customer complaints on packaging used by them. Each packaging material’s sustainability impact was also evaluated based on the degree of plastic content, compostability, biodegradability and recyclability.
28, May 2025
Purabi Ice Cream scales up distribution across Assam amid soaring summer demand
Guwahati, May 28, 2025: Just a year after its launch, Purabi Ice Cream is making a mark of its own. As temperatures soar, the brand is now expanding its footprint statewide, aiming to become the go-to frozen treat for summer.
Purabi, a brand of the West Assam Milk Producers’ Cooperative Union Ltd. (WAMUL), entered the market with six flavors of ice cream: Vanilla, Strawberry, Kesar, Pista, Chocolate, Mango, and Fruit n Nut – and quickly won over ice-cream lovers across the state. Unlike many commercial brands that sell frozen desserts under the guise of ice cream, Purabi takes pride in being an authentic dairy-based ice cream, made from pure milk sourced from Assam’s farmers.
At the product’s unveiling last year, Assam Chief Minister Dr Himanta Biswa Sarma had highlighted its superior quality and taste, crediting the farmers of Assam for providing the fresh, high-quality milk that sets Purabi apart.
North East Dairy and Foods Limited (NEDFL), a joint venture between Govt of Assam and National Dairy Development Board (NDDB) is marketing Purabi Ice Cream. Now, with summer heat beating down, NEDFL has already strengthened its distribution network. This season, the ice cream and flavoured milk, which was launched in September 2024, are being made widely available across the state, making it easier for consumers to enjoy a truly local, farm-fresh treat.
“We are extremely pleased with the response to our new products – both ice cream and flavoured milk. Last year, we launched ice cream just before the summer season, though its distribution was primarily limited to Guwahati. Similarly, flavoured milk was introduced towards the end of the season. Despite these challenges, our sales numbers were remarkable. Now, with an expanded distribution network across eastern and western Assam, we are confident in our ability to meet consumer demand,” said Satya Brata Bose, Managing Director at NEDFL.
He added that along with Purabi Ice Cream and Purabi Flavoured Milk, other Purabi products like standard milk, curd etc. are now available on leading quick-delivery e-commerce platforms like Blinkit, Flipkart Minutes, BigBasket Now, and Swiggy Instamart.
With its commitment to quality and authenticity, Purabi Dairy is not just satisfying sweet cravings but also supporting Assam’s dairy farmers, ensuring that the state’s milk industry continues to thrive. As the demand for authentic, dairy-based ice cream grows, Purabi is set to become a household name in Assam’s ice cream industry.
28, May 2025
Q4FY25 Revenue from operations at INR 11,974 Mn up 2% YoY, EBITDA at INR 2,524 Mn down 1% YoY, PAT at INR 1,520 Mn up 17% YoY
Mumbai, India, May 28, 2025: Granules India Ltd., a vertically integrated pharmaceutical company, today announced its financial results for the quarter and financial year ended March 31, 2025.
| QUARTERLY CONSOLIDATED FINANCIALS | Q4FY25 | Q3FY25 | Growth (QoQ) | Q4FY24 | Growth (YoY) |
| Revenue from Operations | 11,974 | 11,377 | 5% | 11,758 | 2% |
| EBITDA | 2,524 | 2,303 | 10% | 2,557 | (1%) |
| EBITDA % | 21% | 20% | 22% | ||
| PAT | 1,520 | 1,176 | 29% | 1,296 | 17% |
| PAT % | 13% | 10% | 11% |
| ANNUAL CONSOLIDATED FINANCIALS | FY25 | FY24 | Growth (YoY) |
| Revenue from Operations | 44,816 | 45,064 | (1%) |
| EBITDA | 9,452 | 8,560 | 10% |
| EBITDA % | 21% | 19% | |
| PAT | 5,015 | 4,053 | 24% |
| Net Profit Margin | 11% | 9% |
Financial and Business Summary for Q4FY25
- Revenue from Operations of Q4FY25 stood at INR 11,974 mn, a growth of 2% YoY, Sustained increase in formulations’ share despite slowdown in productivity of Gagillapur facility with ongoing US FDA remediation activities. Revenue share from the North America increased to 79% in Q4 FY25 as compared to 70% in Q4 FY24.
- Active Pharmaceuticals Ingredients (API), Pharmaceutical Formulation Intermediates (PFI), and Finished dosages contribute 12%, 10%, and 77% of revenue from operations respectively for Q4FY25.
- ROCE is at 6% as compared to 16.5% YoY.
- Net debt stood at INR 7,061 mn, a reduction of INR 1,360 mn and Net debt to EBITDA at 0.75x
Commenting on the results, Dr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, “We are pleased to report a resilient bottom line and cash flow performance this year, despite sales remaining steady. This was achieved with a profitable Formulations growth of 18%, even though we proactively paused Gagillapur’s production operations in Sep-24 for more than a month to re-assess the risks and undertake necessary USFDA remediation activities. Productivity of Gagillapur facility has been lower in H2 FY25 with ongoing remediation activities. Our strong financial performance reflects the success of our strategic initiatives, particularly our focus on enhancing our product mix by prioritizing high- margin offerings and expanding our portfolio of non-legacy molecules. This reflects the strength and adaptability of our business model, and our unwavering commitment”.
