Zydus Lifesciences Ltd Share Price – NSE /  BSE

Pharmaceuticals, Mid Cap

Revenue from operations grew 19.87% year on year (YoY) to Rs 5,237 crore in the quarter ended 30 September 2024.

Profit before tax was at Rs 1,270.9 crore in Q2 FY25, up 26.18% from Rs 1,007.2 crore reported in Q2 FY24.

EBITDA stood at Rs 1,461.4 crore, registering the growth of 27.51% as compared to Rs 1,146.1 crore posted in same quarter last year. EBITDA margin improved to 27.9% in Q2 FY25 as against 26.2% in Q2 FY24.

Research & Development (R&D) investments for the quarter stood at Rs 480 crore in Q2 FY25, up 50.23% from Rs 319.5 crore in Q2 FY24, which represented 9.2% of revenues. Additionally, organic capital expenditures (Capex) rose 39.54% YoY to Rs 301.7 in Q2 FY25.

In terms of segment revenue, Formulations business grew by 9% YoY to Rs 1,456.9 crore. The business accounted for 28% of consolidated revenues. Branded business grew faster than the market with 10% YoY growth. Outpaced the market growth both in chronic and acute segments.

Revenue from US Formulation business stood at Rs 2,416.8 crore in Q2 FY25, up 30% YoY. The business accounted for 47% of consolidated revenues. In constant currency terms, the business registered revenues of $ 288 million.

Consumer Wellness generated Rs 487.5 crore in revenue, registering a 12% YoY growth. This segment accounted for 10% of the company’s consolidated revenues. The growth was primarily led by 8.4% volume growth.

Revenue from International Markets formulations business stood at Rs 538.9 crore, up 20% YoY. The business accounted for 11% of consolidated revenues. The business continued to deliver healthy growth with all major markets contributing to the growth during the quarter.

The API business generated revenue of Rs 119.4 crore, down 15% YoY. This segment contributed 2% to the company’s consolidated revenues.

The Alliances and Others segment generated revenue of Rs 94.1 crore, registering a YoY growth of 178%. This segment contributed 2% to the company’s consolidated revenues.

During the quarter, the company has Received Establishment Inspection Report (EIR) with Voluntary Action Indicated (VAI) status from the USFDA for the inspection of transdermal formulations facility located in Ahmedabad SEZ.

Sharvil Patel, managing director, Zydus Lifesciences, said, Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q2 performance. Execution success of our differentiated pipeline in the US and outperformance of our India Geography business were particularly noteworthy. With a focus on quality excellence, we will continue to align our processes and strengthen compliance. We are on course to achieve our growth aspirations for FY25 and are committed to investing in sustainable growth initiatives and innovative solutions, keeping patient centricity at the core.

Zydus Lifesciences is a discovery-driven, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies.

The scrip declined 2.02% to Rs 949 on the BSE.

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Net profit of Zydus Lifesciences rose 13.80% to Rs 911.20 crore in the quarter ended September 2024 as against Rs 800.70 crore during the previous quarter ended September 2023. Sales rose 20.08% to Rs 5113.60 crore in the quarter ended September 2024 as against Rs 4258.60 crore during the previous quarter ended September 2023.

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Zydus Lifesciences will hold a meeting of the Board of Directors of the Company on 12 November 2024

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ZyVac TCV is now eligible for purchase by United Nations (UN) agencies. It is indigenously developed and manufactured at the Zydus Biotech Park, Ahmedabad.

ZyVac TCV is indicated for active immunization against Salmonella typhi infection in the age group of 6 months to 65 years. This prequalification for ZyVac TCV makes it eligible to be part of UN agencies procurement programme.

Annually over 150 million doses of the typhoid conjugate vaccine is procured by UN agencies to prevent this infectious disease in geographies where it is most prevalent, such as India, Africa and Southeast Asia.

Typhoid fever is systemic febrile illness caused by ingestion of the bacterium Salmonella enterica serovar typhi (S. typhi) through contaminated water and food. In South Asian region, India alone contributes for 75% of incidence and mortality due to typhoid fever.

According to data from GAVI (the Vaccine Alliance), the disease accounts for an estimated 11 to 21 million cases globally each year, with between 117,000 and 161,000 deaths attributed to the disease each year.

Zydus Lifesciences is a discovery-driven, global life sciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies.

The pharma company’s consolidated net profit surged 30.64% to Rs 1,419.9 crore on 20.77% increase in revenue from operations to Rs 6,207.5 crore in Q1 FY25 over Q1 FY24.

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