India's Shilpa Medicare falls after Q4 profit dips

Shilpa Medicare

27/05/2025 09:44

** Shares of Shilpa Medicare SHME.NS fall as much as 4.8% to 847.45 rupees

** Stock last trading 2.4% lower

** Pharma company reports 40.8% year-on-year fall in consolidated Q4 net profit to 145.1 mln rupees

** Exceptional expense of 280.8 mln rupees to settle a legal dispute - SHME

** Revenue at 2.96 bln rupees, 9.1% up, but "significantly lower than our estimates owing to a sharp decline in licensing income", says brokerage Systematix Institutional Equities

** More than 1.3 mln shares traded as of 2:05 p.m. IST, 3.7 times their 30-day moving avg

** SHME shares up 9.2% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))