Net profit of Piramal Pharma rose 350.00% to Rs 22.59 crore in the quarter ended September 2024 as against Rs 5.02 crore during the previous quarter ended September 2023. Sales rose 17.28% to Rs 2241.75 crore in the quarter ended September 2024 as against Rs 1911.38 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2241.751911.38 17 OPM %15.2413.90 - PBDT312.34224.07 39 PBT120.1239.56 204 NP22.595.02 350 Powered by Capital Market - Live News

Piramal Pharma will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live News

Piramal Pharma Solutions (PPS), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma has unveiled an $80M investment plan to expand its Lexington, Kentucky facility. The site specializes in sterile compounding, liquid filling, and lyophilization for sterile injectable drug products, playing a vital role in Piramal Pharma Solutions integrated antibody‐drug conjugate development and manufacturing program, ADCelerate�. The investment, financed by bank loans and internal accruals, aims to enhance the site`s existing capacity and capabilities to meet the demands of a rapidly growing market. With this expansion, Piramal Pharma will strengthen its position as an efficient and reliable global partner for biologic manufacturing, leveraging deep scientific expertise and extensive experience managing complex technical projects.   The expansion will equip the Lexington site with an additional 24,000 square feet of manufacturing space, a new laboratory, and state‐of‐the‐art machinery to scale clients` products effectively. Key additions include a new filling line, two commercial‐size lyophilizers, a special capping machine, and an external vial washer. Currently, the Lexington site can manufacture 104 product batches per year (utilization at peak levels). Upon completion of the expansion in Q1 of 2027, this capacity will increase to over 240 annual batches. Powered by Capital Market - Live News

Piramal Pharma has embarked on its sustainability journey as the Science Based Targets initiative (SBTi) officially validated the company`s near-term greenhouse gas (GHG) emission reduction targets. This validation aligns with Piramal Pharma`s core purpose of `Doing Well and Doing Good,` driving its business strategies and strengthening the company`s commitment to making consistent, measurable progress toward a more sustainable future. Piramal Pharma has committed to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2022 base year. Piramal Pharma has also committed to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution and use of sold products 25% within the same timeframe. This makes Piramal Pharma the third global pharmaceutical company in India to receive approval from the SBTi. Powered by Capital Market - Live News

Net Loss of Piramal Pharma reported to Rs 88.64 crore in the quarter ended June 2024 as against net loss of Rs 98.58 crore during the previous quarter ended June 2023. Sales rose 11.57% to Rs 1951.14 crore in the quarter ended June 2024 as against Rs 1748.85 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1951.141748.85 12 OPM %10.487.57 - PBDT139.4766.50 110 PBT-45.08-107.11 58 NP-88.64-98.58 10 Powered by Capital Market - Live News