Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients and intermediates for its customers. Hikal’s manufacturing facilities have been inspected and approved by leading multinational companies in the Crop protection and Pharmaceutical sectors. The Crop protection facilities are located at Taloja and Mahad {Maharashtra). The Pharmaceutical manufacturing facilities are situated in Jigani (Bengaluru) and Panoli (Gujarat). Hikal’s R & D facilities are located in Pune.
Financial Results:
- Hikal Ltd reported Revenues for Q2FY24 of ₹435.00 Crores down from ₹559.00 Crore year on year, a fall of 22.18%.
- Total Expenses for Q2FY24 of ₹419.00 Crores down from ₹527.00 Crores year on year, a fall of 20.49%.
- Consolidated Net Profit of ₹13.00 Crores down 48.0% from ₹25.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹1.02, down 49.25% from ₹2.01 in the same quarter of the previous year.