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Morepen Laboratories Ltd

Q3 FY25Pharmaceuticals & Biotechnology

Morepen Laboratories Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹96
Market cap₹4.2K Cr
P/E35.9
Updated23 Aug 2026
Read4 min read

The short version

FY25 revenue target is around Rs. Morepen expects modest revenue growth of 10%-15% in the near term, with a long-term CAGR target of around 17%-18% depending on market conditions (Page 16, 27). - For FY25, a target of around Rs.

From Morepen Laboratories Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY25 revenue target is around Rs. 1,900 crore with 10%-11% growth, not official guidance but expected.
  • Pharma business expected to grow modestly; API business growth expected between 10%-15% based on market conditions.
  • Formulation and OTC business projected to grow around 25% in FY26 with overall EBITDA margins of 11%-12%.
  • Medical devices grew 15% in Q3 compared to last year; expected CAGR of about 20% over the long term.
  • Glucometer base expanding; 13.5 million meters installed driving strip sales.
  • Capacity expansions (API capacity increasing from 510 KL to 600 KL) to support growth over next 6-9 months.
  • Expected market corrections with some quarters slow; long-term view remains positive.

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Profitability & Margins

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Capital Expenditure Plans

  • Morepen Laboratories is expanding API capacities with a total planned capacity of 600 KL, of which 510 KL is already completed and ready for production. The remaining capacity will be completed within 6 to 9 months.
  • The P8 plant has been inaugurated with installation of 6 big reactors and 2 small reactors, P9 block construction is ongoing, followed by expansion of P10.
  • New 120,000 sq. ft. facility construction is nearly complete (around 70% finished last update) for production and expansion.
  • Medical devices capacity is being expanded: BP monitor capacity increased in existing facilities, glucose monitor capacity also being expanded.
  • The new building will house around 20 additional injection molding machines, speeding up manufacturing.

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Top-ranked in Pharmaceuticals & Biotechnology

Ranked on what management guided this quarter

Guidance-ranked
1KRM Ayurveda
Rev 1Mar 1
2Accretion Pha.
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Regarding the current and expected order book, Sushil Suri mentions that in the last quarter (Q4), the API segment usually receives good orders from international customers as they place new orders in January and February after year-end closing.
  • However, he notes it is too early to comment specifically on the current quarter's order book or provide guidance.
  • Prices are stabilizing, which is positive for new order formation, but demand needs time to pick up after a typically quiet March quarter due to trade business inventory reductions and tax/GST payments.

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Morepen Laboratories Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹485 Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Morepen Laboratories Ltd Q3 FY25 results?

FY25 revenue target is around Rs. Morepen expects modest revenue growth of 10%-15% in the near term, with a long-term CAGR target of around 17%-18% depending on market conditions (Page 16, 27). - For FY25, a target of around Rs.

What is Morepen Laboratories Ltd share price analysis?

Morepen Laboratories Ltd currently shows a neutral. The stock trades at a P/E of 35.9 with a market cap of ₹4,216 Cr. Investors should review the full earnings analysis for detailed insights.

Is Morepen Laboratories Ltd planning capital expenditure?

Morepen Laboratories is expanding API capacities with a total planned capacity of 600 KL, of which 510 KL is already completed and ready for production.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.