Technology
Piramal Pharma Limited Announces Results for Q4 and FY2025
Published
1 year agoon
By
MUMBAI, India, May 14, 2025 /PRNewswire/ — Piramal Pharma Limited (NSE: PPLPHARMA) (BSE: 543635), a leading global pharmaceuticals and wellness company, today announced its standalone and consolidated results for the Fourth Quarter (Q4) and Full Year (FY) ended 31st March 2025.
Consolidated Financial Highlights
(in ₹ Crores or as stated)
Particulars
Q4FY25
Q4FY24
YoY Growth
FY25
FY24
YoY Growth
Revenue from Operations
2,754
2,552
8 %
9,151
8,171
12 %
CDMO
1,788
1,649
8 %
5,447
4,750
15 %
CHG
705
667
6 %
2,633
2,449
8 %
ICH
274
238
15 %
1,093
985
11 %
EBITDA
603
556
8 %
1,580
1,372
15 %
EBITDA Margin
22 %
22 %
17 %
17 %
PAT (before exceptional item)
154
132
16 %
91
81
13 %
Exceptional Item*
–
(31)
NM
–
(63)
NM
PAT (after exceptional item)
154
101
52 %
91
18
411 %
* Q4FY24 – ₹ 31 Cr towards non-cash write down of investment and license rights in relation to a certain third-party product no longer being commercialized;
Q3FY24 – ₹ 32 Cr. related to non-recurring charges towards product recall triggered by a 3rd party supplier
Key Highlights for Q4FY25/FY25
Revenue from Operations grew by 8% YoY and 12% YoY in Q4FY25 and FY25 respectively, driven primarily by CDMO business especially from on-patent commercial manufacturingEBITDA grew by 8% YoY and 15% YoY in Q4FY25 and FY25 respectively, on account of operating leverage, cost optimization, and operational excellence initiativesNet-Debt to EBITDA ratio improved to 2.7x Vs. 5.6x in FY23Best-in-Class Quality Track Record – Continue to maintain our ‘Zero OAIs’ status since 2011Sustainability Efforts Yielding Results – Significant enhancement in S&P Global and EcoVadis ESG scores
Nandini Piramal, Chairperson, Piramal Pharma Limited said, “FY25 has been a steady year for the company as we crossed $1Bn in revenues with 12% YoY growth accompanied by 17% EBITDA margin and 5x increase in Net Profits, in-line with our annual guidance. We also managed to maintain our Net Debt / EBITDA level below 3x, while making regular investments in capabilities and capacities for future growth. During the year, we progressed well on our key performance metrics such as growth in innovation related work and differentiated capabilities in the CDMO business, maintaining our leading position in inhalation anesthetic Sevoflurane in the US market, and healthy growth in our power brands in our consumer healthcare business.
We believe, we are on track to deliver on our FY2030 aspirations of becoming a $2bn revenue company with 25% EBITDA margins and high teens ROCE.”
Key Business Highlights for Q4 and FY2025
Contract Development and Manufacturing Organization (CDMO):
– Increasing contribution from Innovation1 related work – Up from 50% in FY24 to 54% in FY25, driven by commercial manufacturing of on-patent molecules
– Robust growth in on-patent commercial manufacturing revenues – Grew by over 50% YoY to reach $179mn (Vs. $116mn in FY24 and $53mn in FY23)
– Revenues from differentiated offerings grew 28% YoY, contributing to 49% of CDMO revenues
– Healthy growth in API generics business
– YoY improvement in EBITDA margin driven by better procurement strategies, cost optimization and operational excellence initiatives
– Maintained our best-in-class quality track record – Successfully cleared 36 regulatory inspections and 165 customer audits in FY25 without any major observations
Complex Hospital Generics (CHG):
– Inhalation Anesthesia (IA) – Major GPO contract renewal and order wins supporting IA sales in the US. Witnessing encouraging traction in the RoW markets
– Capacity expansion in India completed and commercialized on time; poised to capitalize on ~US$400 mn2 Sevoflurane market opportunity in the RoW markets
– Maintained our #1 Rank in the US in Sevoflurane (44% market share2) and in intrathecal Baclofen (75% market share2)
– Received approval for Neoatricon®3 for multiple markets in EU and UK by our partner BrePco Pharma. Neoatricon® is the only pre-diluted, age-appropriate formulation of dopamine, approved for treating children and infants
– Moderation in EBITDA margins due to some non-recurring expenses and capacity expansion in India. However, recovery expected from FY26 with commercialization of these added capacities
India Consumer Healthcare (ICH):
– ICH business crossed the strategic revenue milestone of ₹ 1,000 crores during the year
– Power Brands continue to grow strength to strength with 20% YoY during FY25. Power Brands contributed to 49% of total ICH sales
o Excluding i-range, which was impacted by regulatory price control, growth in power brands was about 26% in FY25
– New Product Launches – Added 21 new products and 31 new SKUs in FY25
– Investments in Media and Promotions – 11% of ICH sales in FY25. Launched our new media campaign with Yami Gautam for Little’s
– E-commerce sales grew at 39% YoY in FY25, contributing 21% to ICH sales,. Present on more than 20 e-commerce platforms
1. Discovery + Development + Commercial Manufacturing of products under patent; 2. As per IQVIA data, September 2024; 3. Neoatricon® is developed by BrePco Biopharma;
we have secured the commercialization rights for the EU, UK, and Norway and will be responsible for distributing in these regions.
Consolidated Profit and Loss Statement
(in ₹ Crores or as stated)
Particulars
Quarterly
Full Year
Q4FY25
Q4FY24
YoY Change
FY25
FY24
YoY Change
Revenue from Operations
2,754
2,552
8 %
9,151
8,171
12 %
Other Income
42
26
59 %
135
175
(23 %)
Total Income
2,796
2,579
8 %
9,286
8,347
11 %
Material Cost
955
1,014
(6 %)
3,232
2,954
9 %
Employee Expenses
612
494
24 %
2,307
2,030
14 %
Other Expenses
626
514
22 %
2,167
1,991
9 %
EBITDA
603
556
8 %
1,580
1,372
15 %
Finance Cost
104
114
(9 %)
422
448
(6 %)
Depreciation
243
196
24 %
816
741
10 %
Share of net profit of associates
16
12
35 %
73
59
23 %
Profit Before Tax
273
258
6 %
415
242
71 %
Tax
119
126
(5 %)
324
161
100 %
Net Profit after Tax (before exceptional item)
154
132
16 %
91
81
13 %
Exceptional item*
–
(31)
NM
–
(63)
NM
Net Profit after Tax (after exceptional item)
154
101
52 %
91
18
411 %
* Q4FY24 – ₹ 31 Cr towards non-cash write down of investment and license rights in relation to a certain third-party product no longer being commercialized;
Q3FY24 – ₹ 32 Cr. related to non-recurring charges towards product recall triggered by a 3rd party supplier
Consolidated Balance Sheet
(In ₹ Crores)
Key Balance Sheet Items
As at
31-Mar-25
31-Mar-24
Total Equity
8,125
7,911
Net Debt
4,199
3,932
Total
12,324
11,843
Net Fixed Assets
9,110
9,106
Tangible Assets
4,534
4,250
Intangible Assets including goodwill
3,599
3,740
CWIP (including IAUD*)
977
1,116
Net Working Capital
2,798
2,339
Other Assets#
416
398
Total Assets
12,324
11,843
*IAUD – Intangible Assets Under Development
# Other Assets include Investments and Deferred Tax Assets (Net)
Q4FY25/FY25 Earnings Conference Call
Piramal Pharma Limited will be hosting a conference call for investors / analysts on 15th May 2025 from 9:30 AM to 10:15 AM (IST) to discuss its Q4 and FY25 Results.
The dial-in details for the call are as under:
Event
Location & Time
Telephone Number
Conference call on
15th May, 2025
India – 09:30 AM IST
+91 22 6280 1461 / +91 22 7115 8320 (Primary Number)
1 800 120 1221 (Toll free number)
USA – 12:00 AM
(Eastern Time – New York)
Toll free number
18667462133
UK – 05:00 AM
(London Time)
Toll free number
08081011573
Singapore – 12:00 PM
(Singapore Time)
Toll free number
8001012045
Hong Kong – 12:00 PM
(Hong Kong Time)
Toll free number
800964448
Express Join with Diamond Pass™
Please use this link for prior registration to reduce wait time at the time of joining the call –https://clicktime.symantec.com/15tTDy8HiefVsfhet88NZ?h=fW3GbZrqogMd-yABQyRMy2isMM11wQD-TSFMQrYI2gs=&u=https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber%3D6099661%26linkSecurityString%3D26cd0b7825 Click Here
About Piramal Pharma Limited:
Piramal Pharma Limited (PPL, NSE: PPLPHARMA I BSE: 543635), offers a portfolio of differentiated products and services through its 17* global development and manufacturing facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated contract development and manufacturing organization; Piramal Critical Care (PCC), a complex hospital generics business; and the India Consumer Healthcare business, selling over-the-counter consumer and wellness products. In addition, one of PPL’s associate companies, Abbvie Therapeutics India Private Limited, a joint venture between Abbvie and PPL, has emerged as one of the market leaders in the ophthalmology therapy area in the Indian pharma market. Further, PPL has a strategic minority investment in Yapan Bio Private Limited, that operates in the biologics / bio-therapeutics and vaccine segments.
* Includes one facility via PPL’s minority investment in Yapan Bio.
For more information, visit: Piramal Pharma | LinkedIn
Logo – https://mma.prnewswire.com/media/1855206/4913155/Piramal_Pharma_Limited_Logo.jpg
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SOURCE Piramal Pharma Ltd
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SPS is a leading technology-driven business transformation company. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt modern work concepts to enhance productivity and flexibility. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges.
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SOURCE SPS
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ABB turns aging drives into a second life at ACC’s Jamul plant, without stopping production
Published
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To date, on-site drive reconditioning has preserved capital and material value, avoided ~16 metric tons of CO₂ emissions, and maintained continuity, delivering environmental, economic, and operational value in one decision.Asset health assessment by ABB helped the major Indian cement producer choose a tailored, multi-year ABB Motion OneCare agreement, for enhanced reliability, uptime, and cost predictability.ACC Limited is set to benefit from energy appraisals, scheduled drive reconditioning, and digital monitoring to shift maintenance from reactive to predictive.
BENGALURU, India, Oct. 27, 2026 /PRNewswire/ — ABB has signed a multi-year ABB Motion OneCare service agreement with ACC Limited, a major cement producer in the Adani Group, to improve the operational reliability of ACC’s Jamul cement plant in Chhattisgarh, India. The comprehensive maintenance framework, shaped around ACC’s needs, encompasses scheduled reconditioning, digital monitoring, and energy appraisals, with the latter extending the program’s scope from restoration into ongoing performance enhancement.
Phase one, completed in April 2026, reconditioned 25 ABB ACS800 variable speed drives on site without a major shutdown. By retaining the existing cabinets and reconditioning equipment rather than replacing complete panels, the project avoided approximately 16 tonnes of CO₂ emissions.
A second phase covering the reconditioning of an additional 25 ACS800 drive modules is planned for Q4 2026. As part of the agreement, ACC also began using ABB Ability™ Digital Powertrain Insights, setting the foundation to shift from reactive to predictive maintenance.
A fleet that delivered — and a clear signal to act
The ABB ACS800 drives at Jamul — installed in 2010 — had maintained a strong reliability record across well over a decade of near-continuous operation in one of the most demanding industrial environments. Over time, however, the cumulative effects of electrical aging reached a point where trip event patterns were no longer in line with the plant’s operational requirements — a natural inflection point for a fleet that had been running full steam since installation, and a clear signal that the time had come to act.
Rather than defaulting to full replacement, ACC engaged ABB’s certified engineers for a structured asset health assessment. The finding was clear: the drives’ cabinets and enclosures remained structurally sound. Targeted reconditioning was both the technically right and most cost-effective route to extended lifetime and sustained reliability.
Expertise brought to the plant
Two decades of working knowledge of ACC’s equipment and operational calendar shaped the approach. ABB developed a service plan tailored to ACC’s shutdown windows and budget cycle. The multi-year ABB Motion OneCare agreement includes scheduled drive reconditioning, ABB Ability™ Digital Powertrain Insights, and energy appraisals. To start, ABB brought its reconditioning expertise directly to Jamul. Earlier this year, 25 ACS800 drives were restored to factory specification without interrupting production, with the original enclosures retained. Phase two is in planning: an additional 25 ACS800 modules are scheduled for on-site reconditioning in the last quarter of 2026.
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Circularity as the operating logic
The program reflects the competitive logic of industrial circularity. Restoring what was installed rather than replacing it kept material and economic value in productive use, and protected continuity — all in one decision. ABB data indicates reconditioning reduces drive lifecycle emissions by 50 to 80% versus full replacement. Digital monitoring gives ACC’s teams real-time intelligence: now they know exactly what to fix, and exactly when to fix it, for maximum uptime.
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View original content to download multimedia:https://www.prnewswire.com/in/news-releases/abb-turns-aging-drives-into-a-second-life-at-accs-jamul-plant-without-stopping-production-302920411.html
STOCKHOLM, Oct. 27, 2026 /PRNewswire/ —
Record sales, operating profit and margin
Third quarter
Net sales totaled SEK 40,771 M (38,146), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by 1% (–6).Organic sales growth was strong in Americas and EMEIA, good in Global Technologies and Entrance Systems, but declined in Asia Pacific.Three acquisitions with combined annual sales of about SEK 350 M and one divestment were completed during the quarter.Operating income1 (EBITA) increased by 12% to SEK 7,612 M (6,815) with an operating margin of 18.7% (17.9).Operating income1 (EBIT) increased by 11% to SEK 7,102 M (6,416) with an operating margin of 17.4% (16.8).Net income1 amounted to SEK 4,718 M (4,144).Earnings per share1 amounted to SEK 4.24 (3.73).Operating cash flow amounted to SEK 7,405 M (6,969).
Sales and income
Third quarter
January–September
2025
2026
Δ
2025
2026
Δ
Sales, SEK M
38,146
40,771
7 %
114,102
115,781
1 %
Of which:
Organic growth
1,119
1,428
4 %
2,671
3,568
3 %
Acquisitions and divestments
1,853
935
2 %
5,417
2,623
2 %
Exchange rate effects
–2,243
262
1 %
–4,572
–4,512
–4%
Operating income (EBIT)1, SEK M
6,416
7,102
11 %
18,216
19,242
6 %
Operating margin (EBITA)1, %
17.9 %
18.7 %
17.0 %
17.8 %
Operating margin (EBIT)1, %
16.8 %
17.4 %
16.0 %
16.6 %
Income before tax1, SEK M
5,563
6,333
14 %
15,648
17,018
9 %
Net income1, SEK M
4,144
4,718
14 %
11,658
12,678
9 %
Operating cash flow, SEK M
6,969
7,405
6 %
14,845
16,847
13 %
Earnings per share1, SEK
3.73
4.24
14 %
10.49
11.41
9 %
1 Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025.
Comments by the President and CEO
“I am happy to report another record strong quarter for ASSA ABLOY in which our sales grew by 7%, driven by 4% organic sales growth, 2% net acquired growth and 1% from currency movements. This is the seventh consecutive quarter with organic sales growth despite the geopolitical and macroeconomic uncertainties we have seen in the last couple of years. The good organic sales growth contributed to a record-high operating margin and for the first time our operating profit exceeds SEK 7bn in a quarter!
Organic sales growth was strong in the Americas and EMEIA divisions – 6% and 5% respectively. Americas growth was driven by continued strong growth in the non-residential segment and Latin America. The North America Residential segment improved and had good sales growth. In EMEIA, the growth was driven by very strong sales growth in Central Europe, while the other regions had good or stable sales growth developments. Global Technologies grew by 4%, with strong sales growth in HID, while Global Solutions’ growth was low single-digit due to temporarily lower deliveries in the retail business unit. Entrance Systems reported good organic growth of 3%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 1% due to weak sales in Greater China.
The operating profit (EBIT) totaled SEK 7,102 M, up 11% vs. last year. The operating margin improved by 60 bps year-on-year to 17.4% (16.8) driven by excellent operating leverage of 47% due to price realization and cost efficiencies. The operating cash flow improved by 6% year-on-year to SEK 7,405 M, resulting in an excellent cash conversion of 117%.
Our people make the difference
Our decentralized organization and commitment to innovation remain two of our key competitive advantages. However, the foundation of everything we do is our 65,000 people. Their dedication, expertise and curiosity drive our success. As more of our products and solutions become electromechanical, our technology platforms create new opportunities to realize synergies. To continue to lead this transition, we continue to invest in our people. Over the last eight years, the number of internal applications for each open position has almost tripled, demonstrating the strength of our culture and the career opportunities available within ASSA ABLOY. Developing talent remains a strategic priority. Through leadership development programs, continuous learning opportunities and increased cross-divisional collaboration, we are building the capabilities to support future growth. Our ‘Together We’ culture is founded on empowerment, innovation and integrity. This supports our ambition to be a world-leading organization, knowing that when our people succeed, our business succeeds too.
Our acquisition strategy also brings talented people into the Group, adding fresh perspectives, new ideas and entrepreneurship. We are proud that many founders of the companies we acquire choose to remain with ASSA ABLOY. During the quarter, we acquired three businesses. We also announced the signing of Gunnebo Entrance Control, which will strengthen and complement our existing offering in pedestrian access solutions.
We are proud of what we have accomplished in the first nine months and are confident in our ability to deliver another strong year. At the same time, we remain focused on the opportunities ahead. To ensure that ASSA ABLOY remains long-term competitive, we will also launch our 11th manufacturing footprint program during the fourth quarter.
Thank you for your continued trust in ASSA ABLOY.”
Nico Delvaux
President and CEO
Further information can be obtained from:
Nico Delvaux, President and CEO
phone: +46 8 506 485 82
Erik Pieder, Executive Vice President and CFO,
phone: +46 8 506 485 72
Björn Tibell, Head of Investor Relations,
phone: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com
ASSA ABLOY is holding a telephone and web conference at 09.00 CET on 27 October, 2026, which can be followed online at assaabloy.com/investors.
It is possible to submit questions by telephone on:
08–505 100 31, +44 203 059 5863 or +1 631 570 5613
This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 27 October, 2026.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/assa-abloy/r/quarterly-report-q3-2026,c4415570
The following files are available for download:
https://mb.cision.com/Main/7333/4415570/4340384.pdf
The full report (PDF)
https://news.cision.com/assa-abloy/i/assa-abloy-logo-door-,c3576156
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