Strides Delivers Strong FY25 Results, Exceeding Outlook Across All Metrics

FY2025 Performance Highlights

  • Revenue at ₹45,653m, grew 17.2% YoY
  • Gross margin at ₹25,854m, grew 20.5% YoY
  • EBITDA grew 36.8% YoY to ₹8,028m with EBITDA margin at 17.6%, grew 252bps YoY
  • US revenue at $291m, grew 21.8% YoY
  • Operational PAT at ₹3,447m, Grew 12x YoY
  • Operational EPS at ₹37.5, Grew 12x YoY

Q4FY2025 Performance Highlights

  • Revenue at ₹11,904m, grew 17.0% YoY
  • Gross margin at ₹6,914m, grew 18.1% YoY
  • EBITDA grew 22.0% YoY to ₹2,179m with EBITDA margin at 18.3%, grew 75bps YoY
  • US revenue at $77m, grew 23.2% YoY
  • Operational PAT at ₹1,130m, Grew 5x YoY
  • Operational EPS at ₹12.3, Grew 5x YoY

Bangalore, India, May 22, 2025 – Strides Pharma Science Ltd (BSE: 532531, NSE: STAR) today announced its consolidated financial results for the quarter (Q4FY25) and full year (FY25) ended March 31, 2025.

Financial Highlights (In ₹ m)

Particulars FY25 FY24 YoY Q4 FY25 Q4 FY24 YoY Q3 FY25 QoQ
Revenue 45,653 38,945 17.2% 11,904 10,178 17.0% 11,537 3.2%
Gross Margin 25,854 21,455 20.5% 6,914 5,855 18.1% 6,735 2.7%
Gross Margin % 56.6% 55.1% 154bps 58.1% 57.5% 56bps 58.4% -30bps
EBITDA 8,028 5,868 36.8% 2,179 1,786 22.0% 2,103 3.6%
EBITDA % 17.6% 15.1% 252bps 18.3% 17.5% 75bps 18.2% 7bps
Operational PAT* 3,447 279 12x  1,130 242 5x  925 22%
Operational EPS (₹) 37.5 3.1 12x  12.3 2.7 5x  10 22%

*Operational PAT = Reported PAT from continuing operations excluding exceptional items

Numbers presented have been adjusted to reflect the impact of the demerged Softgel business to OneSource

Arun Kumar, Founder & Non-Executive Chairperson, and Badree Komandur, MD & Group CEO, commented on the performance and said, “We are pleased to report a strong close to FY25, having successfully exceeded the outlook communicated across all key parameters. Our FY25 revenue grew by 17.2% YoY, outperforming our guidance of 12–15%, aided by strong  US business performance. We also surpassed our EBITDA outlook, delivering ₹8,028m in FY25, reflecting enhanced operational efficiency and margin resilience post-demerger. We reduced Net debt by ₹5,128m, and our Net Debt-to-EBITDA ratio improved to 1.9x, well below the outlook given. The US business recorded $291m in revenue, representing 21.8% YoY growth and exceeding the outlook. This was propelled by new product launches, steady base business, and a strong commercial execution framework. We also delivered an operating PAT of ₹3,447m for FY25, reflecting continued focus on profitability. The Board has recommended a dividend of ₹4 per share for FY25, reflecting our strong financial performance.

As we look ahead, we remain focused on the disciplined execution of our business strategies, underpinned by strong governance and a deep commitment to ESG — all aimed at delivering superior business outcomes and creating long-term value for all stakeholders.”

 

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