CALCULATE YOUR SIP RETURNS

SMS Pharma Strengthened Operations: Received EUGMP Certification

Author Published on: October 3, 2024 at 11:58 AM UTC
SMS Pharma received the EUGMP certification for its Visakhapatnam (Vizianagaram) facility after a successful inspection from February 28, 2024 to March 01, 2024.
SMS Pharma Strengthened Operations: Received EUGMP Certification
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On October 01, 2024, SMS Pharmaceuticals Limited through an exchange filing announced that its Visakhapatnam (Vizianagaram) facility has successfully obtained European Good Manufacturing Practices (EUGMP) certification. Following a rigorous inspection conducted by the European Directorate for the Quality of Medicines & Healthcare (EDQM) from February 28th to March 1st, 2024, the facility’s Ibuprofen dossier was found to be in full compliance with the EU’s stringent quality standards.

This achievement underscores SMS Pharmaceuticals’ commitment to delivering high-quality products that meet international regulatory requirements. The EUGMP certification further strengthens the company’s position as a trusted partner in the global pharmaceutical industry.

Commenting on this achievement, Mr. P. Vamsi Krishna, Executive Director, stated: “We are proud to receive the EDQM certification, which reflects our commitment to quality and compliance with global standards, and pursuing market leadership in our select APIs globally. It is a testament to our team’s dedication and hard work, further solidifying our position as a trusted partner in the pharmaceutical industry.” 

SMS Pharma Financial Overview

Q1FY25 saw ₹164.45 crore in revenue from operations, up 22% YoY, primarily from strong growth in the ibuprofen and antidiabetic categories. Seasonality caused a 33% decrease in operating revenue sequentially.

Because of lower raw material prices and an improved product mix, gross margins increased to 35% in Q1FY25, up 39bps YoY and 971bps sequentially. Driven by greater gross margins and operational efficiency, the EBITDA margin increased by 104bps YoY and 670bps QoQ to reach 20%. For Q1FY25, EBITDA increased by 28% year over year to ₹33.51 crore. PAT increased 76% YoY to ₹16.48 crore, mostly as a result of lower financing costs. In Q1FY25, the PAT margin increased to 10% from 7% in Q1FY24.

The company plans to enhance production capacity by the end of Q4FY25 and complete the backward integration of critical intermediates by H1FY25 as part of the ₹150 crore investment plan.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

 

Author:

...Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2 Cr+ happy customers