Archive: October 29, 2024

Sun Pharma Industries Ltd. Q2FY25 Result First Cut – Strong seasonality and robust specialty segment growth outperformed the quarter

By- Prathamesh Masdekar, Research Analyst, StoxBox

– The company reported revenue growth of 9.0% YoY and up 5.0% QoQ to Rs. 12,291 crores, which was in line with market expectations of Rs. 13,281 crores, fuelled by double-digit growth across key markets, particularly the US market.
– Domestic formulations business grew 11.0% YoY, further aided by 20.3% and 3.2% annual growth in US formulations (including Taro) and Emerging Markets, respectively.
– As per AIOCD AWACS MAT Sept 2024 report, Sun Pharma is ranked no. 1 and holds an 8.1% market share of over Rs. 2,170 billion in IPM. For Q2FY25, the company launched 14 new products in the Indian market.
– EBITDA increased 23.9% YoY / up 9.2% QoQ to Rs. 3,939 crores, while EBITDA margin stood at 29.6% (above 356bps YoY / up 112bps QoQ) in Q2FY25, owing to an expansion in gross margins by 259 bps YoY to 79.7% led by favourable product mix.
– Profit after Tax stood at Rs. 3,040 crores (up 28.0% YoY / up 7.2% QoQ) in Q2FY25, above market expectations of Rs. 2,932 crores. PAT margin rose to 22.9% versus 22.4% in the previous quarter.
– R&D investments for Q2FY25 stood at Rs. 792.9 crores (6.0% of sales), compared to Rs. 773.4 crores in Q1FY24.

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The pharma giant reported a strong financial performance in Q2FY25, attributing the outperformance to strong seasonality and robust specialty segment growth. The US market led the revenue growth in the September quarter, with the global specialty business continuing to increase its share in the overall revenues. The margin expansion was due to a higher contribution from specialty products, particularly in the US market. Further, Sun Pharma invests heavily in research and development (R&D) to support its specialty pipeline. The company’s API business imparts benefits of vertical integration and supply chain continuity for formulations business. The company continues to focus on increasing API supply for captive consumption of key products. Sun Pharma recently strengthened its specialty pipeline through an agreement with Philogen to commercialise late-stage candidate Fibromun upon approval. With Fibromun, the product basket for dermatologists has expanded further. The company shall continue to leverage a strong cash position to strengthen the pipeline. Further, the company will actively look for other new investment avenues for growth across all business segments in the coming years.

Manipal Hospital Baner, Pune Successfully Performs Spine Correction Surgery on 19-Year-Old from Yemen

Pune, October 2024: Recently, a team of doctors at Manipal Hospital, Baner, Pune, successfully conducted a complex spinal surgery on a 19-year-old female from Yemen who was suffering from severe congenital kyphoscoliosis. The patient, admitted on September 12, 2024, had a spinal deformity which was making her daily life a challenge with debilitating symptoms, including difficulty in walking, sitting, and performing basic physiological activities such as urination and defecation, along with severe back pain.

Congenital kyphoscoliosis is due to abnormal defects in vertebral bodies in our backbone by birth as the Patient’s age progresses Abnormal Spine growth happens, which gives rise to the abnormal curves of our backbone. This deformity had significantly compressed the spinal cord, resulting in the patient’s hunchbacked appearance and decreased quality of life. If her condition was not addressed timely, it would have progressed to paralysis.

Speaking about this case Dr. Rahul Chaudhari, Consultant – Spine Surgeon, Manipal Hospital, Baner, Pune said, “This was an extremely complex case due to the severity of the spinal deformity. Our primary objective was to realign the spine to maintain its stability and protect the spinal cord from injury. The procedure was immense precision, as even a minor error could have resulted in permanent paralysis.”

While performing the surgery, the team of doctors used advanced intraoperative neuromonitoring (IONM) and navigation technology to ensure continuous assessment of the spinal cord’s function during the surgery. This allowed for precise correction of the curvature while minimizing the risk of injury.

Dr. Chaudhari further explained, “By carefully restructuring the spine, we were able to reduce the abnormal curvature and relieve the pressure on the spinal cord that had been compressed by the deformity. The cutting-edge technologies we use are necessary in achieving these life-changing results safely. The patient is now recovering well, with significant improvement in her mobility and overall quality of life.”

Mr. Anand Mote, Cluster Director, Manipal Hospital, Baner, Pune Said, “At Manipal Hospital Baner Pune, we are committed to providing world-class medical care using cutting-edge technology and professional doctors. This complex Kyphoscoliosis case highlights our team’s commitment to providing life-changing treatments to both local and international patients.”

Dr. Rahul Chouadhry led the surgical team. A team of doctors assisted the complex procedure, Dr.Rahul Chaudhari Consultant Spine Surgeon & Dr. Ashsih Pathak Consultant Anaesthetist & team. Successful outcomes of these difficult surgeries depend on a professional Neuroanaesthetist who ensures smooth anesthesia while monitoring IONM signals during the procedure.

Advait Energy Transitions Ltd. Empowers Youth Entrepreneurs, Raising Over INR 2,00,000 for Sanitation Workers

Ahmedabad, August 29, 2024 – Advait Energy Transitions Ltd., a leader in the renewable energy sector, proudly collaborated with youth social entrepreneurs Aarini Sheth and Saumya Sheth to support sanitation workers through the impactful event, Awaaz. The initiative, spearheaded by Aarini Sheth, daughter of Advait’s founder, successfully raised over INR 2,00,000, highlighting the contributions of sanitation workers and demonstrating the power of youth leadership and corporate responsibility.

Awaaz, organised by Sahayta Square, brought together partners such as YUVA Unstoppable, Project Iraada, Money Matters, and Trash to Treasure to honour the essential but often overlooked role of sanitation workers in society. The event combined art and advocacy, featuring Odissi and Kathak performances, a play, and a documentary that shed light on the hardships faced by these workers.

Aarini Sheth herself played a significant role, both in organising the event and delivering a powerful Kathak performance. The initiative, supported by Advait Energy Transitions Ltd. and contributions from notable philanthropists such as Mr. Vneet Jain’s Adimahesh Seva Foundation, Mr. Kurang Panchal, and Mr. Saumil Purohit, made a lasting impact on the cause.

Dr. Jayanti Ravi, Additional Chief Secretary for Revenue Gujarat and Ex-Commissioner of Health Gujarat, who were the chief guest for the evening, praised Aarini’s dedication, stating, “Seeing such commitment from a young individual like Aarini in supporting sanitation workers is inspiring. She has not only taken thoughtful steps but has taken tangible actions that all of us should admire.”

With over INR 2,00,000 raised, Awaaz set a benchmark for future social justice initiatives by combining community action, corporate partnership, and artistic expression. Advait Energy Transitions Ltd. continues to demonstrate its dedication to social responsibility alongside its leadership in the energy sector.

Celebrating Creativity: Kolor Champ ’24 Highlights India’s Artistic Talent

Hyderabad, October 28, 2024—Kolor Champ ’24 , a unique and a Grand Showcase of Artistic Talent Across India held in Hyderabad on Sunday at SR Classic Convention in Shamshabad.

Amit Krishn Gulati , an award-winning industrial designer, entrepreneur and educator and visiting faculty at the National Institute of Design (NID) Ahmedabad, School of Planning & Architecture (SPA) Delhi, and Indian School of Public Policy (ISPP) Delhi was the chief guest and inaugurated it. He is also the co-founder of Incubis – one of India’s pioneering Architecture & Design companies.

Addressing the students, nearly 2000, the participants, their parents and Global Art staff he said there is no right or wrong in art. Art is always right. Art is an important skill. It makes people happy. Art makes difficult things easy to learn. He gave an example of comics which make a story interesting to follow. A picture makes a difficult thing easy.

Critical Thinking, Problem solving skills, Design Thinkings, Creativity are the new age skills. These skills give you a cutting edge. They will differentiate you from the rest of the crowd. Sharpen minds, problem solving minds are the most sought after now. These skills will be the future. Rote learning, rule-based learning will be things of the past. We don’t need intellectual coolies. Such works will be done by Artificial Intelligence and Machine Learning. We need such skills which computers can’t do. Survival of our country will depend on our human creativity. Creative enough IT folks will develop new products, technologists invent new chips. Being distinctive and unique, having a competitive advantage will help you survive in the competitive world, he said.

Amit unveiled the competitive sheet and announced the commencement of the competition. The participants aged 5 to 15 had to draw a painting, a creative drawing, or their imagination of the topic which was announced on the spot. The topic was “one dream of mine which I wish comes true”. The children had painted on the theme. The competition went on for one-hour forty five minutes to two hours forty five minutes depending on the different levels of the participants.

The 17th National Competition—Kolor Champ ’24, a grand showcase of Artistic Talent saw participants from seven Indian states and cities like Hyderabad, Chennai, Bangalore, Coimbatore, Delhi, Jaipur, an

Globalart program aims to develop the artistic and creative potential of children.The event came to Hyderabad second time after a gap of several years.

Dinesh Victor, Founder & MD of SIP Academy India, the force behind Globalart in India said they trained 95000 students in art since 2005. Currently we train 11000 students across 145 centers in seven states, he shared. The art is a creative expression, he added. He urged kids to think differently and choose different things in life.

Ajin Thong, Co-Founder & COO of Globalart Worldwide from Malaysia, who has also served as the chief trainer of Globalart Worldwide for 21 years also graced the inaugural of the competition told the participants to think and grow creatively.

This is an event showcasing the innovative minds of India’s next generation. The children’s creativity will flow spontaneously as they compete live, weaving their imaginative ideas into artistic masterpieces, he added.

WWF featured Globalart children’s works in campaigns for Save the Tiger and Climate Change. The works of the children are also displayed at the 2nd World Ministerial Conference with delegates from 13 countries in Bali, Indonesia, earning Globalart certificates of appreciation. The competition also holds a Limca Book of Records.