Piramal Pharma unit infuses ₹1,626 crore into PPL Pharma via preference shares
Published on 20/08/2025 11:35 PM
Piramal Pharma unit infuses ₹1,626 crore into PPL Pharma via preference sharesThe total investment aggregates to $190.3 million (₹1,626.49 crore). PPL Pharma Inc. is a step-down wholly owned subsidiary of the company. Shares of Piramal Pharma Ltd ended at ₹191.80, down by ₹2.75, or 1.41%, on the BSE.By Jomy Jos Pullokaran August 20, 2025, 11:35:33 PM IST (Published)2 Min ReadPiramal Pharma Limited on Wednesday (August 20) said its material step-down wholly owned subsidiary, Piramal Healthcare Inc., has completed the subscription of 1,903 optionally convertible redeemable preference shares of face value $100,000 each in PPL Pharma Inc.
The total investment aggregates to $190.3 million (₹1,626.49 crore). PPL Pharma Inc. is a step-down wholly owned subsidiary of the company.
First Quarter Results
Piramal Pharma reported a net loss of ₹81.7 crore during the June quarter, compared to a profit of ₹153.5 crore in the previous quarter. The company had reported a net loss in the same quarter last year as well.
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Despite the loss, Piramal Pharma said it is on track to achieve its aspirations for the financial year 2030 of $2 billion in topline with a 25% margin. Revenue for the quarter declined by 1% from the same quarter last year to ₹1,933.71 crore, while on a sequential basis, the revenue was down nearly 30%.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter nearly halved from last year to ₹106.7 crore, while on a sequential basis, the figure was down nearly 86%. EBITDA margin fell to single digits of 5.5% from 10.5% last year and 26.9% in the March quarter.
Piramal Pharma's contract development and manufacturing organisation (CDMO) business declined by 6% from last year to ₹997 crore from ₹1,057 crore. It was impacted by destocking in one large on-patent commercial product.
Also Read: Piramal Pharma retains FY26 targets, stays on track to reach $2 billion revenue by 2030
Shares of Piramal Pharma Ltd ended at ₹191.80, down by ₹2.75, or 1.41%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagspiramal pharmashare market today