Dishman Carbogen Amcis Ltd Share Price – NSE /  BSE

Pharmaceuticals, Small Cap

Dishman Carbogen Amcis announced that the 17th Annual General Meeting (AGM) of the company will be held on 27 September 2024.

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On a consolidated basis, Dishman Carbogen Amcis reported net loss of Rs 77.57 crore in Q1 June 2024 as against net profit of Rs 17 crore in Q1 June 2023. Net sales declined 27.59% year-on-year to Rs 523.78 crore in Q1 June 2024. Net revenue was impacted mainly due to lower revenue in Switzerland and Netherlands.

Pre-tax loss stood at Rs 77.56 crore in Q1 June 2024 as against pre-tax profit of Rs 29.49 crore in Q1 June 2023.

EBITDA slumped 76.8% YoY to Rs 29.39 crore in Q1 June 2024. EBITDA margin stood at 5.6% in Q1 June 2024, lower than 17.5% in Q1 June 2023. This was primarily due to lower operating margins in its European subsidiaries, Carbogen Amcis AG and Carbogen Amcis BV. Factors contributing to this decline include delays in high-margin project realization, increased sales of lower-margin cholesterol products, and higher raw material costs. Additionally, the company incurred a larger operating loss in its French operations compared to the previous year.

During the quarter, cost of goods sold (COGS) fell 59.4% YoY to Rs 66.35 crore while employee expenses rose 7.3% YoY to Rs 316.82 crore.

Carbogen Amcis AG – CRAMS revenue decreased by 39.6% YoY in Q1 FY25 primarily due to shifting of a major development project and deferment of shipment of a commercial batch to the next quarters. This had an impact of CHF 9.8 m in revenue and CHF 3.92 m in operating profit due to timing difference.

Carbogen Amcis BV– Cholesterol and Vitamin D analogues revenue decreased by 16.4% YoY in Q1 FY25 primarily due to lower sales of Vitamin D analogs by 38%. This is expected to pick up in revenue in the remainder part of the year.

DCAL India – NCE APIs and Intermediates revenue increased by 114.5% YoY in Q1 FY25 primarily due to increase in commercial supplies from Bavla site after the EDQM clearance.

DCAL India – Quats & Generics revenue decreased by 20.4% YoY in Q1 FY25 primarily due to slow down in agrochemical sector, which is expected to pick up in the second half of the year.

Dishman Carbogen Amcis is a fully integrated CRAMS (Contract Research & Manufacturing) company with strong capabilities right from process research & development to late stage clinical and commercial manufacturing and supply of API to innovator pharmaceutical companies. The company has global presence with development and manufacturing sites in Switzerland, UK, France, Netherlands, India and China.

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Piramal Enterprises Ltd, Redtape Ltd, Kaveri Seed Company Ltd and HEG Ltd are among the other losers in the BSE's 'A' group today, 14 August 2024.

Dishman Carbogen Amcis Ltd crashed 11.40% to Rs 173.3 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.41 lakh shares were traded on the counter so far as against the average daily volumes of 87555 shares in the past one month.

Piramal Enterprises Ltd tumbled 10.31% to Rs 884.1. The stock was the second biggest loser in 'A' group.On the BSE, 3.45 lakh shares were traded on the counter so far as against the average daily volumes of 72683 shares in the past one month.

Redtape Ltd lost 8.07% to Rs 630.95. The stock was the third biggest loser in 'A' group.On the BSE, 6817 shares were traded on the counter so far as against the average daily volumes of 5678 shares in the past one month.

Kaveri Seed Company Ltd shed 7.55% to Rs 1029.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 12629 shares were traded on the counter so far as against the average daily volumes of 29328 shares in the past one month.

HEG Ltd corrected 6.99% to Rs 2015.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 21260 shares were traded on the counter so far as against the average daily volumes of 12450 shares in the past one month.

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Net loss of Dishman Carbogen Amcis reported to Rs 77.57 crore in the quarter ended June 2024 as against net profit of Rs 17.00 crore during the previous quarter ended June 2023. Sales declined 27.59% to Rs 523.78 crore in the quarter ended June 2024 as against Rs 723.38 crore during the previous quarter ended June 2023.

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