India's Hikal down after revenue reporting discrepancies flagged

Hikal

29/12/2025 04:18

** Shares of Hikal HIKA.NS fall 2.3% to 228.60 rupees

** Pharmaceutical co said on Friday that discrepancies in its revenue reporting spanning the last three quarters were identified during an internal fact-finding review

** Co suspects misconduct by employees in roles connected to sales and operational support

** If the irregularities had not occurred, sales would have been lower by approx 2% in Q4 FY25 and Q1 FY26 - Hikal

** Adds, that all the underlying sales are genuine and are backed by customer purchase orders

** YTD, HIKA down 41.5%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))