Strides Pharma Share Price in Focus; Up 5%

Strides Pharma Science’s share price traded 5% higher at ₹682.55 at 10:10 AM on NSE. The company’s share price was placed under the Additional Surveillance Measure (ASM) in August 2024.

As per the guidelines of the stock exchanges, the company was classified under the Long-Term Stage 1 category of ASM due to certain risk factors and price volatility concerns.

Q2 FY25 Financial Highlights

Strides Pharma Science Ltd. reported a consolidated net profit of ₹93.7 crore for the quarter ended September 2024. A notable turnaround from a loss of ₹149.45 crore during the same period in the previous year.

Revenue for the quarter rose by 20.2%, reaching ₹1,201.11 crore, compared to the previous year.

The company’s US revenues hit a record high of $75 million, reflecting a 26.2% growth year-on-year.

Additionally, Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) surged by 54%, standing at ₹235.7 crore. Overall, total income for the period increased to ₹1,229.52 crore, showcasing a solid improvement compared to the same quarter last year.

About Strides Pharma Science

Strides Pharma Science Ltd. is a global pharmaceutical company focused on the development, manufacturing, and distribution of generic pharmaceutical products. Established in India, the company has expanded its footprint internationally, with a presence in over 100 countries, including key markets such as the United States, Europe, and emerging markets. Strides Pharma manufactures a wide range of pharmaceutical products, including oral solid dosage forms, injectables, and other specialty medicines.

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