Q4FY23 Quarterly & FY23 Annual Result Announced for Eris Lifesciences Ltd.
Pharmaceuticals firm Eris Lifesciences announced Q4FY23 & FY23 results: Organic standalone revenue growth - 11.5% (Q4), 9.5% (FY23) & 15.6% (FY23) Consolidated Revenue growth at Rs 4,028 million - 32% (Q4), 25% (FY23), and 31% (FY23) Top-20 Eris mother brands accounting for 70% of revenue grew organically by 17% in FY23 Eris MJ (Insulin Business) organically clocks Rs 17 crore revenue in first year of commercial operations Achieved organic growth of 22% in Oaknet base business after 3 flat years during FY20-FY22; full year FY23 Revenue Rs 250 crore (28% growth) with EBIDTA Rs 61 crore (margin 24.4%) Amortisation of Glenmark & DRL brands has been charged for 6 months of FY23 as per statutory requirements; however financial upside from the deals has been minimal during FY23 since the deals were consummated in Q4FY23 Result PDF17-05-2023