Piramal Pharma Q3 FY25 revenue up 13%
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Piramal Pharma Q3 FY25 revenue up 13%

CDMO business delivered high-teen revenue growth for 9MFY25 driven by continued traction in the on-patent commercial manufacturing and generic API business

  • By IPP Bureau | January 30, 2025

Piramal Pharma Limited, a leading global pharmaceuticals and wellness company, Q3 FY25 revenue from operations grew by 13% to reach Rs. 2,204 crore whereas net profit after tax was down by 64% to reach Rs. 4 crore.

CDMO business delivered high-teen revenue growth for 9MFY25 driven by continued traction in the on-patent commercial manufacturing and generic API business. In CY2024, biotech funding improved over CY2023, enough to replenish biotech cash burn but not enough to accelerate R&D spends.

Inhalation Anesthesia (IA) sales in the US tracking healthy volume growth driven by order wins for Sevoflurane and Isoflurane. Capacity expansion at Dahej and Digwal underway to capture IA opportunities in the RoW markets. Seeing month-on-month increase in production output. ICH business delivered double-digit revenue growth in Q3 and 9M FY25 amidst tepid consumer demand in the industry.

Nandini Piramal, Chairperson, Piramal Pharma Limited said, “FY25 so far has been a steady year for the Company with revenue growth of 14% and EBITDA growing at 20%. Our CDMO business continues to deliver robust performance with 18% revenue growth along with EBITDA margin improvement in 9MFY25. This performance was largely led by innovation related work. Our CHG business registered an early-teen revenue growth during the quarter on the back of strong volume growth in our Inhalation Anesthesia portfolio. In our ICH business, power brands continue to register about 19% growth. The quarter also marked a significant milestone in our journey towards sustainable manufacturing with the conversion of coal-fired steam boilers at our Digwal facility to operate on biomass briquettes. This will significantly reduce our GHG emissions - underscoring our unwavering commitment towards the planet.”

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