Sigachi Industries Ltd. reported strong financial results for Q2FY25 and H1FY25, with significant growth in both revenue and net profit. For Q2FY25, the company recorded net revenues of ₹123.66 crore, up from ₹80.26 crore in Q2FY24. Net profit for the quarter surged to ₹21.72 crore, compared to ₹8.37 crore in the same period last year. For the first half of FY25, Sigachi’s net revenue reached ₹205.47 crore, an increase from ₹159.73 crore in H1FY24. Net profit for the first two quarters rose from ₹18.51 crore to ₹31.01 crore year-on-year.
The company attributes this impressive growth to efficient operational management and expansion into new markets. In addition to its strong financial performance, Sigachi has announced plans to raise around USD 100 million through Foreign Currency Convertible Bonds (FCCBs) or other foreign currency instruments to fund future growth initiatives.
Sigachi also recently underwent a stock split in October, reducing the face value of its equity shares from ₹10 to ₹1. This move is aimed at enhancing stock liquidity and making the shares more accessible to investors. The company also completed an equity offering, issuing 52,682,190 shares at ₹26.10 per share in a post-split issue, reflecting its continued efforts to increase equity for future requirements.
As part of its growth strategy, Sigachi introduced new drug delivery technologies, including PureCoat and UltraMod. These innovative film coatings and polymer blends are designed to improve the stability and bioavailability of drugs, which are critical factors in the pharmaceutical industry. Sigachi plans to capture 16-18% of the Indian pharmaceutical coatings market, which is expected to grow to USD 1.62 billion by 2031.
The company operates five advanced manufacturing plants in India, located in Telangana, Gujarat, and Karnataka, and has subsidiaries in the US and UAE. Sigachi serves a diverse clientele in 62 countries, offering a range of products, including excipients, active pharmaceutical ingredients (APIs), and custom nutrient blends, all certified for quality and consistency by international institutions.
As of Wednesday, Sigachi’s shares traded at ₹51.05, with a 52-week range between ₹43.35 and ₹95.90, giving the company a market capitalization of ₹1,690 crore.
Disclaimer: This information is provided for informational purposes only and does not constitute financial, investment, or professional advice. Always conduct your own research or consult with a qualified financial advisor before making any investment decisions.
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