Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Emcure Pharmaceuticals Ltd
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,556 | 1,663 | 1,668 | 1,771 | 1,815 | 2,002 | 1,963 | 2,116 | 2,101 | 2,270 | 2,363 | 2,470 |
| Expenses + | 1,261 | 1,334 | 1,374 | 1,460 | 1,479 | 1,621 | 1,608 | 1,714 | 1,684 | 1,794 | 1,871 | 1,990 |
| Operating Profit | 296 | 329 | 294 | 311 | 336 | 381 | 355 | 402 | 417 | 475 | 493 | 480 |
| OPM % | 19% | 20% | 18% | 18% | 19% | 19% | 18% | 19% | 20% | 21% | 21% | 19% |
| Other Income + | 15 | -2 | 22 | 12 | 23 | 36 | 4 | -6 | 0 | 3 | -36 | 14 |
| Interest | 52 | 59 | 61 | 65 | 59 | 46 | 32 | 39 | 27 | 33 | 38 | 46 |
| Depreciation | 67 | 70 | 84 | 91 | 94 | 97 | 97 | 97 | 99 | 105 | 105 | 106 |
| Profit before tax | 191 | 198 | 171 | 167 | 207 | 273 | 230 | 261 | 291 | 341 | 314 | 341 |
| Tax % | 26% | 26% | 30% | 27% | 26% | 26% | 32% | 24% | 26% | 26% | 26% | 29% |
| Net Profit + | 141 | 146 | 120 | 121 | 153 | 202 | 156 | 197 | 215 | 251 | 231 | 244 |
| EPS in Rs | 7.21 | 7.69 | 6.27 | 6.36 | 7.95 | 10.29 | 8.11 | 9.97 | 10.92 | 12.84 | 12.16 | 12.84 |
Financials of Emcure Pharmaceuticals Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 4,717 | 5,049 | 5,033 | 5,855 | 5,986 | 6,658 | 7,896 | 9,204 |
| Expenses + | 3,968 | 4,340 | 3,817 | 4,525 | 4,804 | 5,429 | 6,427 | 7,339 |
| Operating Profit | 749 | 708 | 1,216 | 1,330 | 1,182 | 1,230 | 1,469 | 1,865 |
| OPM % | 16% | 14% | 24% | 23% | 20% | 18% | 19% | 20% |
| Other Income + | 72 | -25 | -159 | 63 | 39 | 47 | 62 | -19 |
| Interest | 223 | 257 | 155 | 176 | 214 | 237 | 176 | 144 |
| Depreciation | 267 | 321 | 250 | 245 | 260 | 312 | 384 | 415 |
| Profit before tax | 331 | 105 | 652 | 973 | 747 | 727 | 971 | 1,287 |
| Tax % | 37% | 4% | 36% | 28% | 25% | 27% | 27% | 27% |
| Net Profit + | 209 | 101 | 419 | 703 | 562 | 528 | 707 | 941 |
| EPS in Rs | 10.79 | 4.62 | 23.15 | 36.62 | 29.42 | 27.50 | 35.96 | 48.76 |
| Dividend Payout % | 32% | 54% | 4% | 8% | 7% | 7% | 8% | 0% |
Financials of Emcure Pharmaceuticals Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 181 | 181 | 181 | 181 | 181 | 181 | 189 | 190 |
| Reserves | 1,654 | 1,731 | 2,092 | 1,807 | 2,320 | 2,771 | 4,257 | 4,760 |
| Borrowings + | 2,128 | 2,327 | 2,310 | 2,217 | 2,334 | 2,335 | 1,023 | 1,558 |
| Other Liabilities + | 1,613 | 1,721 | 2,184 | 1,816 | 1,798 | 2,422 | 2,653 | 3,104 |
| Total Liabilities | 5,577 | 5,960 | 6,768 | 6,021 | 6,634 | 7,709 | 8,122 | 9,612 |
| Fixed Assets + | 2,247 | 2,382 | 2,188 | 2,044 | 2,147 | 3,125 | 3,197 | 3,420 |
| CWIP | 581 | 485 | 302 | 320 | 411 | 159 | 177 | 172 |
| Investments | 0 | 0 | 0 | 25 | 25 | 318 | 95 | 20 |
| Other Assets + | 2,749 | 3,093 | 4,278 | 3,632 | 4,050 | 4,108 | 4,652 | 6,001 |
| Total Assets | 5,577 | 5,960 | 6,768 | 6,021 | 6,634 | 7,709 | 8,122 | 9,612 |
Financials of Emcure Pharmaceuticals Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 444 | 500 | 704 | 768 | 747 | 1,097 | 852 | 944 |
| Cash from Investing Activity + | -409 | -168 | -256 | -574 | -468 | -715 | -96 | -1,193 |
| Cash from Financing Activity + | -735 | -301 | -189 | -152 | -145 | -164 | -814 | 343 |
| Net Cash Flow | -700 | 32 | 259 | 42 | 134 | 219 | -58 | 94 |
| Free Cash Flow | 39 | 362 | 571 | 349 | 345 | 801 | 475 | 400 |
| CFO/OP | 77% | 84% | 74% | 81% | 80% | 107% | 75% | 70% |
Financials of Emcure Pharmaceuticals Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 83 | 107 | 82 | 101 | 102 | 93 | 102 |
| Inventory Days | 234 | 211 | 293 | 237 | 223 | 225 | 224 | 237 |
| Days Payable | 142 | 133 | 188 | 184 | 175 | 193 | 172 | 175 |
| Cash Conversion Cycle | 167 | 161 | 212 | 135 | 148 | 134 | 145 | 163 |
| Working Capital Days | -15 | -28 | -16 | 9 | 22 | 28 | 76 | 62 |
| ROCE % | 11% | 22% | 26% | 21% | 19% | 21% | 24% |