Mankind Pharma Q2 profit jumps 29%; chronic segment outperforms
The company reported a stronger-than-expected profit, driven by high demand for its drugs for chronic conditions such as diabetes and cardiovascular diseases.
The company reported a stronger-than-expected profit, driven by high demand for its drugs for chronic conditions such as diabetes and cardiovascular diseases.
The pharma company has acquired 100% stake in Bharat Serums and Vaccines Ltd (BSV), which will be funded through a combination of internal accruals and external debt.
The CCI has cleared Mankind Pharma's proposed acquisition of 100% stake in Bharat Serums and Vaccines for ₹13,630 crore.
The pharma major has transferred its Over-the-Counter (OTC) business to its subsidiary, Mankind Consumer Products, via a slump sale.
Mankind Pharma's Q1 profit surged 10% YoY to ₹543 crore; brokerage Motilal Oswal expects 14% earnings CAGR over FY24-26
The revenue from domestic business grew 9% YoY to ₹2,634 cr in Q1 FY25, while exports rose 62% YoY to ₹259 cr
The move marks a significant leap for Mankind Pharma, positioning it as a market leader in the Indian women's health and fertility drug market.
The budget demonstrates a strong commitment to the health sector's growth and development, says Arjun Juneja, Chief Operating Officer, Mankind Pharma
The board of the homegrown pharma company has approved raising of funds worth ₹7,500 crore via issuance of equity shares.
Three private equity funds, namely Chrys Capital, Capital Group, and Everbridge Partners, were reportedly looking to sell stakes worth $592 million in Mankind Pharma via the block deal.