Mankind Pharma Q2 profit jumps 39% to ₹712 crore as revenue rises 17%
Mankind Pharma’s operating margin widened to 27% from 24.9% a year earlier. Its board also approved plans to merge two wholly owned subsidiaries into the company.
Pharmaceutical company Mankind Pharma reported a 39.2% year-on-year rise in net profit to ₹712 crore for the second quarter, up from ₹511.5 crore a year earlier.Revenue from operations increased 17.3% to ₹4,338 crore from ₹3,697.16 crore in the year-ago quarter.Earnings before interest, taxes, depreciation and amortisation rose 27.1% to ₹1,171 crore from ₹921.3 crore. The EBITDA margin, which measures operating profit as a share of revenue, improved to 27% from 24.9% a year earlier.Separately, Mankind Pharma’s board approved a scheme to merge its wholly owned subsidiaries Prolijune Lifesciences Private Limited and Pavi Buildwell Private Limited into the parent company. The proposed merger has an appointed date of April 1, 2027, and is subject to the necessary statutory and regulatory approvals, including those from the National Company Law Tribunal , where applicable.The company said the merger qualifies for an exemption from obtaining a no-objection letter from stock exchanges under applicable regulations.
It will, however, submit the scheme to the exchanges for disclosure purposes.The board also took note of a separate proposed merger involving Upakarma Ayurveda Private Limited and Mankind Consumer Products Private Limited , which their respective boards approved on October 26, 2026.MCPPL is a wholly owned subsidiary of Mankind Pharma, while UAPL is its step-down subsidiary. The proposed merger is subject to the required statutory, regulatory and other approvals.Mankind Pharma shares were trading 4.49% higher at ₹2,312 on the NSE at 3:15 pm IST on October 26, up ₹99.40.Also Read: E2E Networks proposes to expand capacity by around 5.4 MW for NVIDIA HGX B300 systems and other GPUs
Related Stories
Around 600% jump in 5 years: Citi maintains 'buy' on Maharatna defence PSU HAL for up to 28% - Check target, rationale
HAL shares have weakened recently, but Citi retained its Buy rating and ₹6,175 target, implying about 28% upside. Citi cited higher inventory and support from engines, helicopters and repairs amid delayed Tejas Mk1A deliveries.
AI relief fails to lift legacy IT stocks as earnings worries weigh
The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.
YES Bank files SC review plea over AT-1 bonds: What does it mean for investors after stock's 15% rebound?
YES Bank has asked the Supreme Court to review its October 15 ruling against the write-down of ₹8,415 crore in AT-1 bonds. The move follows a bondholders’ trustee’s contempt petition seeking restoration of the bonds. The ruling has weighed on the bank’s capital outlook and share price.