Eris Lifesciences Posts Robust Q1 Results with 39.7% Surge in Net Profit
Eris Lifesciences reported impressive Q1 financial results. Revenue increased by 7.4% to ₹773.00 crore. Consolidated net profit surged 39.7% to ₹125.10 crore. EBITDA grew to ₹276.00 crore with an improved margin of 35.80%. Key financial ratios show robust health with a Debt-Equity Ratio of 0.74 and Net Profit Margin of 16.18%. Chairman Amit Bakshi approved the results at the board meeting on August 5.

*this image is generated using AI for illustrative purposes only.
Eris Lifesciences , a prominent player in the Indian pharmaceutical sector, has reported impressive financial results for the first quarter. The company's performance showcases significant growth across key financial metrics, indicating a strong start to the year.
Revenue Growth
Eris Lifesciences witnessed a substantial increase in its revenue for Q1. The company's total revenue from operations rose to ₹773.00 crore, up from ₹719.72 crore in the same quarter of the previous year, marking a 7.4% year-over-year growth.
Profit Surge
The pharmaceutical firm's bottom line saw a remarkable improvement. Consolidated net profit for the quarter reached ₹125.10 crore, compared to ₹89.55 crore in the corresponding period last year, representing a significant 39.7% increase.
Operational Performance
Eris Lifesciences demonstrated enhanced operational efficiency in Q1:
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to ₹276.00 crore from ₹250.00 crore year-over-year.
- The EBITDA margin improved to 35.80% from 34.73% in the same quarter last year.
Financial Ratios
The company's financial health remains robust, as evidenced by key financial ratios:
Ratio | Q1 Value |
---|---|
Debt-Equity Ratio | 0.74 |
Interest Service Coverage Ratio | 4.29 |
Current Ratio | 0.93 |
Net Profit Margin | 16.18% |
Management Commentary
Amit Bakshi, Chairman and Managing Director of Eris Lifesciences, approved the financial results at the board meeting held on August 5. The company's leadership expressed satisfaction with the Q1 performance, which sets a positive tone for the fiscal year.
Conclusion
Eris Lifesciences' robust Q1 performance underscores its strong position in the pharmaceutical market and its ability to deliver value to shareholders. The improved profitability and operational efficiency suggest that the company's strategic initiatives are yielding positive results.
Historical Stock Returns for Eris Lifesciences
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.43% | +1.78% | +0.45% | +52.20% | +34.08% | +273.80% |