Q3 2025 Biocon Ltd Earnings Call Transcript
Key Points
- Biocon Ltd (BOM:532523) reported a 10% year-on-year growth in operating revenue, driven by strong performance in biosimilars and research services.
- The company successfully completed FDA audits across three sites, enhancing its regulatory compliance and operational capabilities.
- Biocon Ltd (BOM:532523) achieved key product approvals in both biologics and generics, with new product launches planned for Q4.
- The biosimilars segment showed a 14% year-on-year revenue growth, with strong market share gains in the U.S. and Europe.
- The company has a clear line of sight for multiple new product launches, including biosimilar ustekinumab, which is expected to drive future growth.
- The generics segment experienced a marginal year-on-year decline of 2%, despite a 10% sequential growth.
- Pricing pressures continue to affect the generics business, impacting profitability.
- Reported net profit was only INR25 crore, with adjusted net profit at INR13 crore, indicating challenges in achieving higher profitability.
- The company faces significant debt obligations, with net debt at approximately 1.3 billion USD, which could impact financial flexibility.
- R&D expenses remain high, corresponding to 7% of revenues, which may pressure margins if not offset by successful product launches.
We'll begin now. Good morning, everyone.
Thank you for joining us on this call to discuss Biocon's third-quarter results for fiscal year 2025. I'm Saurabh Paliwal from Biocon's Investor Relations team.
To discuss the financial and business performance for the period, we have on the call today. Mr Peter Bains, Biocon Group CEO; Mr. Siddharth, Mittal, CEO and MD Biocon Limited; Mr. Shreehas Tambe, CEO and MD Biocon Biologics Limited; along with other senior management colleagues across our business segments.
Before we get started, a few housekeeping points. (Operator Instructions)
Please note that this conference call is being recorded. The recording will be made available on our website within a day and the transcript will be made available subsequently. There's a Safe Harbor related to this conference call. Comments made during the call may be forward-looking in nature and must be viewed in relation to the risks that our business faces that could cause our future results, performance or achievements to differ
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