Supriya Lifescience Ltd Share Price – NSE  / BSE

Pharmaceuticals, Small Cap

Supriya Lifescience  inaugurated its new multipurpose Active Pharmaceutical Ingredients (APIs) production block, Module E, at the Lote Parshuram site. The facility, developed with an investment of approximately Rs 125 crore, adds a substantial capacity of 335 kiloliters to the company's operations. This expansion boosts its Lote Parshuram capacity by over 55%, increasing it from 597 KLPD to 932 KLPD.

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Esketamine hydrochloride is a vital drug to be used for treating mental illness and is likely to significantly impact the LATAM market. This approval will enable the company to provide high-quality healthcare solutions in a market where demand for novel, reasonably priced drugs is growing.

The company said that it is the first firm in Brazil to have received regulatory permission for this highly specialised pharmaceutical.

Moreover, the business submitted a ground-breaking patent application for an enhanced, low-cost method of atorvastatin synthesis.

Global healthcare relies heavily on atorvastatin, a key treatment for controlling cholesterol and preventing cardiovascular disease, and this achievement shows Supriya's dedication to drug cost and raising accessibility.

This ground-breaking technique makes drugs more affordable for patients by increasing their efficacy while reducing production costs.

Satish Wagh, executive chairman and whole time director, Supriya Lifescience, stated, Our commitment to transforming pharmaceutical manufacturing while maintaining affordability is demonstrated by our invention in the synthesis of atorvastatin. Our global presence is strengthened by the CADIFA approval, which also allows us to introduce cutting-edge therapies like Esketamine Hydrochloride in important foreign countries, starting with Brazil.

Supriya Lifesciences is primarily engaged in manufacturing of Bulk drugs and pharmaceutical chemicals.

The company’s standalone net profit jumped 93.3% to Rs 46.15 crore in Q2 FY25 as compared with Rs 23.88 crore in Q2 FY24. Net sales increased 18.6% YoY to Rs 166.10 crore in Q2 FY25.

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Net profit of Supriya Lifescience rose 93.26% to Rs 46.15 crore in the quarter ended September 2024 as against Rs 23.88 crore during the previous quarter ended September 2023. Sales rose 18.56% to Rs 166.10 crore in the quarter ended September 2024 as against Rs 140.10 crore during the previous quarter ended September 2023.

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Supriya Lifesciences will hold a meeting of the Board of Directors of the Company on 28 October 2024.

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