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Balaxi Pharmaceuticals delivers strong growth in Q2 FY23

Hyderabad (Telangana) [India], November 7 (ANI/NewsVoir): Balaxi Pharmaceuticals Limited (Balaxi), a branded IPR-based pharmaceutical company headquartered in Hyderabad, reported its results for the second quarter of FY23. Financial Highlights: Revenue: Robust revenue growth of 23.0 per cent YoY during Q2 FY23 period was led by the Pharmaceuticals business. In this segment, Latin America contributed significantly with 29 per cent growth. Previously launched geographies of Dominican Republic and Guatemala delivered strong expansion whereas Honduras and El Salvador have also initiated business operations and hold immense business potential. In addition, other countries in the region are being lined up for upcoming expansion. In Africa, established operations in Angola resumed growth within the ecosystem of previously registered products, with the Central African Republic that is likely to start contributing from Q4 FY23. EBITDA: During this quarter, EBITDA was higher by 5.2 per cent desp ....

Andhra Pradesh , United States , Dominican Republic , El Salvador , Central African Republic , Aashish Maheshwari , Balaxi Pharmaceuticals Ltd , Balaxi Pharmaceuticals , Balaxi Pharmaceuticals Limited , Latin America , After Tax , Profit After Tax , Managing Director , Pharmaceuticals Limited , Hyderabad Telangana India , Ovember 7 Ani Newsvoir Balaxi Pharmaceuticals Limited , A Branded Ipr Based Pharmaceutical Company Headquartered In Hyderabad , Eported Its Results For The Second Quarter Of Fy23 Financial Highlights Revenue Robust Growth 23 0 Per Cent Yoy During Q2 Period Was Led By Pharmaceuticals Business In This Segment , Atin America Contributed Significantly With 29 Per Cent Growth Previously Launched Geographies Of Dominican Republic And Guatemala Delivered Strong Expansion Whereas Honduras El Salvador Have Also Initiated Business Operations Hold Immense Potential In Addition , Ther Countries In The Region Are Being Lined Up For Upcoming Expansion Africa , Stablished Operations In Angola Resumed Growth Within The Ecosystem Of Previously Registered Products , Ith The Central African Republic That Is Likely To Start Contributing From Q4 Fy23 Ebitda During This Quarter , Bitda Was Higher By 5 2 Per Cent Despite Absorbing Cost Structures In Several Recently Launched Operations Countries That Are Likely To Scale Up Potential Over The Next Few Years Ebitda Declined Marginally 290 Bps 17 1 Q2 However , He Outlook Of Margin Expansion In Most Frontier Markets Targeted By Balaxi Remains Encouraging Profit After Tax Grew 28 5 Per Cent Yoy Q2 Fy23 , Espite Lower Margins Earnings Per Share Eps For The Quarter Was Recorded At Rs 15 49 Compared To 12 05 In Corresponding Last Year Commenting On Results , Aashish Maheshwari ,

Balaxi Pharmaceuticals reports Continued Solid Growth in Q1 FY23

Hyderabad (Telangana) [India], August 3 (ANI/NewsVoir): Balaxi Pharmaceuticals Limited (Balaxi), a branded IPR-based pharmaceutical company headquartered in Hyderabad, reported its results for the first quarter of financial year 2023 ended June 30, 2022. Financial Highlights: Quarterly Financial Results for Quarter ending 30.6.22 are not strictly comparable with Quarter ending 30.6.21 due to the consolidation of Balaxi Healthcare LDA Angola (BHA) which became a wholly owned subsidiary of Balaxi Global DMCC with effect from 1st January 2022. Revenue: The strong growth in revenue of 41.9 per cent YoY in Q1FY23 was driven by the pharmaceuticals business, with the LATAM share increasing to 38 per cent. EBITDA: EBITDA of INR 17.03 Cr. was recorded in Q1FY23, registering 35.6 per cent growth YoY, as the Company, despite the cost structures in new geographies incurred ahead of commercial launches in these countries. Profit After Tax: On the back of strong performance of revenue and higher mar ....

Andhra Pradesh , United States , Dominican Republic , Aashish Maheshwari , Balaxi Pharmaceuticals Ltd , Balaxi Pharmaceuticals , Balaxi Pharmaceuticals Limited , Financial Results , Balaxi Healthcare , Balaxi Global , After Tax , Profit After Tax , Managing Director , Latin American , Latin America , General Oral Solid Dosage , Liquid Injection , Pharmaceuticals Limited , Hyderabad Telangana India , Ugust 3 Ani Newsvoir Balaxi Pharmaceuticals Limited , A Branded Ipr Based Pharmaceutical Company Headquartered In Hyderabad , Eported Its Results For The First Quarter Of Financial Year 2023 Ended June 30 , 022 Financial Highlights Quarterly Results For Quarter Ending 30 6 22 Are Not Strictly Comparable With 21 Due To The Consolidation Of Balaxi Healthcare Lda Angola Bha Which Becamea Wholly Owned Subsidiary Global Dmcc Effect From 1st January 2022 Revenue Strong Growth In 41 9 Per Cent Yoy Q1fy23 Was Driven By Pharmaceuticals Business , Ith The Latam Share Increasing To 38 Per Cent Ebitda Of Inr 17 03 Cr Was Recorded In Q1fy23 , Egistering 35 6 Per Cent Growth Yoy , Us The Company ,