Bajaj Healthcare’s Gujarat Site Gains Australian Approval

Bajaj Healthcare’s API manufacturing facility in Savli, Vadodara, Gujarat, has received approval from the Therapeutic Goods Administration (TGA) of Australia. This certification, valid for 24 months, permits the direct supply of active pharmaceutical ingredients (APIs) to the Australian and New Zealand markets. The site was already certified by the USFDA and the European Union, ensuring its compliance with global standards.

Expanded Market Access

The TGA approval allows Bajaj Healthcare to supply APIs directly to drug product manufacturers targeting Australia and New Zealand. The company anticipates that this development will attract additional Contract Development and Manufacturing Organization (CDMO) contracts from existing and potential clients. Bajaj Healthcare stated in a regulatory filing that this recognition shows its manufacturing capacity and compliance standards for regulated markets.

Company Overview & Market Reach

Incorporated in 1993, Bajaj Healthcare manufactures APIs, formulations, and nutritional supplements for the pharmaceutical, nutraceutical, and food industries. The company serves over 550 clients globally and exports products to over 62 countries, including Europe, the USA, Africa, and Australia.

Financials

Bajaj Healthcare reported a financial turnaround in Q2 FY25. The company posted a standalone net profit of ₹94.64 crore, an improvement compared to a net loss of ₹34.60 crore in Q2 FY24. Revenue from operations grew by 31.5% year-on-year to ₹133.08 crore. 

As of December 9, 2024, Bajaj Healthcare’s shares are trading at ₹452.95, up by ₹21.50 (4.98%) as of 1:00pm,  with a year-to-date gain of 20.23% and a 23.76% increase over the past year.

With the TGA approval for its Gujarat site, Bajaj Healthcare has expanded its market access to Australia and New Zealand, focusing on global presence. 

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