Indegene Limited reports 11.4% revenue growth in Q1FY25

New Delhi: In the first quarter of FY25, Indegene Limited achieved a revenue of INR 6,765 million, reflecting a growth of 11.4% compared to the same quarter in the previous fiscal year (Q1FY24). 

The company also reported robust growth in EBITDA, with a 14.5% increase year-on-year. Indegene’s continued focus on strategic client partnerships and new product launches has contributed significantly to this growth trajectory.

Indegene’s revenue from operations for Q1FY25 stood at INR 6,765 million, compared to INR 6,075 million in Q1FY24, marking a year-on-year growth of 11.4%. The company reported an EBITDA of INR 1,328 million for Q1FY25, up from INR 1,160 million in the same quarter last year. 

The EBITDA margin improved to 19.6% from 19.1% in Q1FY24. Indegene’s profit after tax for Q1FY25 was INR 877 million, a notable increase from INR 684 million in Q1FY24. The profit margin also improved, rising to 13.0% from 11.3% in the previous year.

A key highlight of the quarter is Indegene’s achievement of zero-debt status, following the repayment of all outstanding loans. This financial milestone positions the company to drive stronger PAT growth in the future.

Manish Gupta, Chairman and CEO of Indegene Limited, expressed, “In Q1FY25, we achieved revenue growth of 11.4% and robust EBITDA growth of 14.5% vs Q1FY24. We continue to see momentum and growth with our largest client and a few of our Top 20 clients with increased activity and volume levels tracking the larger pipeline of impending new product launches. Based on our conversations with our top clients, we anticipate similar momentum across the industry.” 

Suhas Prabhu, CFO of Indegene Limited, highlighted, “Our Q1FY25 EBITDA margin of 19.6% and PAT margin of 13.0% is an improvement of 50 bps and 170 bps vs Q1FY24. Indegene is now a zero-debt company with repayment of loans, and we anticipate the financial leverage to drive stronger PAT growth going forward. Also, we continue to strengthen our technology and automation initiatives, which we believe will have a positive impact on the margin in the future. Further, we anticipate that the EBITDA margin would have a similar trajectory as FY24 with a stronger H2 compared to H1.”