Akums Drugs & Pharmaceuticals Ltd Share Price – NSE /  BSE

Pharmaceuticals, Small Cap

Net profit of Akums Drugs & Pharmaceuticals declined 66.35% to Rs 65.18 crore in the quarter ended December 2024 as against Rs 193.70 crore during the previous quarter ended December 2023. Sales declined 6.69% to Rs 1010.41 crore in the quarter ended December 2024 as against Rs 1082.84 crore during the previous quarter ended December 2023.

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Akums Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 6 February 2025.

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“Income Tax Department conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of the company and its subsidiaries,” Akums Drugs stated in an echange filing.

The pharmaco added that it has fully cooperated with the officials of IT Department during the search and responded to the clarifications and details sought by them. It will continue to provide any further clarification/information that may be required.

“The business operations of the company continue as usual except some minor hiccups,” the filing added.

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% decline in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

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Akums Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 6 February 2025.

Powered by Capital Market - Live News

“Income Tax Department conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of the company and its subsidiaries,” Akums Drugs stated in an echange filing.

The pharmaco added that it has fully cooperated with the officials of IT Department during the search and responded to the clarifications and details sought by them. It will continue to provide any further clarification/information that may be required.

“The business operations of the company continue as usual except some minor hiccups,” the filing added.

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% decline in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

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The agreement is in line with Akums growth objective of expanding in European and other regulated markets. The commercial supply of these products from Akums will commence in 2027 till 2032.

Akums group will also initiate European approvals of its oral liquid site which it intends to leverage to manufacture these products. The approval of the site and the product dossiers is expected to be received by 2026.

Akums already has 2 of its sites (injectable and oral solids) approved by European Regulators. The composite value of the agreement is approximately Euro 200 million (Rs 1,760 crore approx).

Akums group, against this agreement, will receive an upfront payment for product development and site approval from European authorities. The project has been secured with an upfront payment of Euro 100 million (Rs 880 crore).

Sanjeev Jain, managing director (MD) of Akums added “It gives us immense pleasure to enter in a strategic collaboration to manufacture and supply a globally renowned brand for one of the largest multinational pharma company. This opens doors for us to further expand our footprints in regulated markets and replicate the domestic CDMO success globally.”

Sandeep Jain, MD of Akums added “These products are currently being manufactured in Europe. Manufacturing these products in India opens further collaboration opportunities with other global pharma companies to optimize their manufacturing costs and make their supply chain robust. This association is the testimony of our manufacturing excellence and our world class R&D capabilities. With this, we will add one more dosage form in our portfolio, can be offered in European market. Akums already has European approved facility for tablets, hard gelatin capsules, sachets, ampoules, vials, eye-drops and dry powder injection.”

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% declined in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

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Net profit of Akums Drugs & Pharmaceuticals declined 66.35% to Rs 65.18 crore in the quarter ended December 2024 as against Rs 193.70 crore during the previous quarter ended December 2023. Sales declined 6.69% to Rs 1010.41 crore in the quarter ended December 2024 as against Rs 1082.84 crore during the previous quarter ended December 2023.

Powered by Capital Market - Live News

Akums Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 6 February 2025.

Powered by Capital Market - Live News

“Income Tax Department conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of the company and its subsidiaries,” Akums Drugs stated in an echange filing.

The pharmaco added that it has fully cooperated with the officials of IT Department during the search and responded to the clarifications and details sought by them. It will continue to provide any further clarification/information that may be required.

“The business operations of the company continue as usual except some minor hiccups,” the filing added.

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% decline in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

Powered by Capital Market - Live News

Akums Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 6 February 2025.

Powered by Capital Market - Live News

“Income Tax Department conducted search under the Income Tax Act, 1961 at the offices and manufacturing units of the company and its subsidiaries,” Akums Drugs stated in an echange filing.

The pharmaco added that it has fully cooperated with the officials of IT Department during the search and responded to the clarifications and details sought by them. It will continue to provide any further clarification/information that may be required.

“The business operations of the company continue as usual except some minor hiccups,” the filing added.

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% decline in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

Powered by Capital Market - Live News

The agreement is in line with Akums growth objective of expanding in European and other regulated markets. The commercial supply of these products from Akums will commence in 2027 till 2032.

Akums group will also initiate European approvals of its oral liquid site which it intends to leverage to manufacture these products. The approval of the site and the product dossiers is expected to be received by 2026.

Akums already has 2 of its sites (injectable and oral solids) approved by European Regulators. The composite value of the agreement is approximately Euro 200 million (Rs 1,760 crore approx).

Akums group, against this agreement, will receive an upfront payment for product development and site approval from European authorities. The project has been secured with an upfront payment of Euro 100 million (Rs 880 crore).

Sanjeev Jain, managing director (MD) of Akums added “It gives us immense pleasure to enter in a strategic collaboration to manufacture and supply a globally renowned brand for one of the largest multinational pharma company. This opens doors for us to further expand our footprints in regulated markets and replicate the domestic CDMO success globally.”

Sandeep Jain, MD of Akums added “These products are currently being manufactured in Europe. Manufacturing these products in India opens further collaboration opportunities with other global pharma companies to optimize their manufacturing costs and make their supply chain robust. This association is the testimony of our manufacturing excellence and our world class R&D capabilities. With this, we will add one more dosage form in our portfolio, can be offered in European market. Akums already has European approved facility for tablets, hard gelatin capsules, sachets, ampoules, vials, eye-drops and dry powder injection.”

Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services in India and overseas.

The pharma company consolidated net profit spiked 104.96% to Rs 65.20 crore despite of 12.54% declined in revenue from operations to Rs 1,033.1 crore in Q2 FY25 over Q2 FY24.

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