Venmax Drugs Reports Strong Revenue Growth and Advances Amalgamation with Hatri Pharma
Venmax Drugs & Pharmaceuticals Limited (VDPL) reported a 669.7% increase in Q2 FY2026 revenue to Rs 131.85 lakhs and returned to profitability with Rs 2.44 lakhs net profit. Half-year revenue grew 818.9% to Rs 252.87 lakhs. The company is progressing with its proposed amalgamation with Hatri Pharma Private Limited, aiming for operational efficiencies and economies of scale. The amalgamation involves a 1:1 share exchange ratio. VDPL's total assets increased to Rs 1,364.68 lakhs, with improved equity and cash positions.

*this image is generated using AI for illustrative purposes only.
Venmax Drugs & Pharmaceuticals Limited (VDPL) has reported a significant increase in revenue and a return to profitability for the quarter ended September 30, 2025. The company also made progress on its proposed amalgamation with Hatri Pharma Private Limited, a move aimed at enhancing operational efficiencies and achieving economies of scale.
Financial Performance
VDPL's financial results for Q2 FY2026 show substantial improvement compared to the same period last year:
| Metric | Q2 FY2026 | Q2 FY2025 | Change |
|---|---|---|---|
| Revenue | Rs 131.85 lakhs | Rs 17.13 lakhs | 669.7% |
| Net Profit | Rs 2.44 lakhs | Rs (30.44) lakhs | Turned Profitable |
For the half-year ended September 30, 2025, the company's revenue reached Rs 252.87 lakhs, compared to Rs 27.53 lakhs in the previous year, marking a significant year-over-year growth of 818.9%.
Amalgamation Progress
The Board of Directors approved the financial statements as of September 30, 2025, for valuation purposes related to the proposed amalgamation with Hatri Pharma Private Limited. This follows the initial approval of the amalgamation on September 2, 2025.
Key details of the amalgamation include:
- Share Exchange Ratio: Shareholders of Hatri Pharma will receive 1 equity share of Venmax for every 1 share held in Hatri Pharma.
- Company Profiles:
- Hatri Pharma: Net worth of Rs 1,610 lakhs and turnover of Rs 1,846.41 lakhs
- Venmax Drugs: Net worth of Rs 857.72 lakhs and turnover of Rs 252.87 lakhs
Rationale for Amalgamation
The amalgamation aims to achieve several strategic objectives:
- Operational and administrative efficiencies
- Optimal utilization of infrastructure and resources
- Cost reduction through focused operational efforts
- Backward integration to enhance efficiencies and achieve economies of scale
- Streamlined legal and regulatory compliance
- Adoption of best practices and enhanced automation
Financial Position
As of September 30, 2025, Venmax Drugs reported:
- Total Assets: Rs 1,364.68 lakhs (up from Rs 516.96 lakhs on March 31, 2025)
- Total Equity: Rs 857.72 lakhs (increased from Rs 441.19 lakhs)
- Cash and Cash Equivalents: Rs 562.26 lakhs (significant increase from Rs 248.24 lakhs)
The company's improved financial position and cash flow appear to support its growth initiatives and the proposed amalgamation.
Outlook
With the strong revenue growth and return to profitability, coupled with the strategic move towards amalgamation, Venmax Drugs & Pharmaceuticals Limited appears to be positioning itself for further growth in the pharmaceutical sector. The successful completion of the amalgamation with Hatri Pharma Private Limited could potentially strengthen the company's market position and operational capabilities in the coming years.
Historical Stock Returns for Venmax Drugs & Pharmaceuticals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.17% | +2.03% | +6.43% | +23.46% | +329.42% | +350.30% |




























