Emcure Pharmaceuticals Limited — Quarter and year ended March 31, 2026
| National Stock Exchange of India Limited | BSE Limited |
|---|---|
| Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 | P J Towers, Dalal Street, Mumbai- 400 001 |
| Script Symbol: EMCURE | Scrip Code/Symbol: 544210/ EMCURE |
| Sr. No | Name of component | Relationship |
|---|---|---|
| 1 | Emcure Pharmaceuticals Limited (“EPL”) | Parent/ Holding Company |
| 2 | Zuventus Healthcare Limited | Subsidiary of EPL |
| 3 | Gennova Biopharmaceuticals Limited | Subsidiary of EPL |
| 4 | Emcure Pharmaceuticals Pty Ltd | Subsidiary of EPL |
| 5 | Emcure Nigeria Limited | Subsidiary of EPL |
| 6 | Emcure Pharmaceuticals Mena FZ LLC | Subsidiary of EPL |
| 7 | Emcure Pharmaceuticals South Africa (Pty) Limited | Subsidiary of EPL |
| 8 | Emcure Brasil Farmaceutica Ltda | Subsidiary of EPL |
| 9 | Emcure Pharma UK Ltd (“EPUK”) | Subsidiary of EPL |
| 10 | Emcure Pharma Peru S.A.C. | Subsidiary of EPL |
| 11 | Emcure Pharma Mexico S.A. DE C.V. | Subsidiary of EPL |
| 12 | Marcan Pharmaceuticals Inc. (“MPI”) | Subsidiary of EPL |
| 13 | Emcure Pharma Chile SpA | Subsidiary of EPL |
| 14 | Lazor Pharmaceuticals Limited | Subsidiary of EPL |
| 15 | Emcure Pharma Philippines Inc. | Subsidiary of EPL |
| 16 | Emcure Pharmaceuticals Dominicana S.A.S | Subsidiary of EPL |
| 17 | Emcutix Biopharmaceuticals Limited | Subsidiary of EPL |
| 18 | Emcure Lifesciences Private Limited | Subsidiary of EPL |
| 19 | Emcure Wellness Private Limited | Subsidiary of EPL |
| 20 | Tillomed Laboratories Ltd | Subsidiary of EPUK |
| 21 | Tillomed Pharma GmbH | Subsidiary of EPUK |
| 22 | Laboratories Tillomed Spain SLU | Subsidiary of EPUK |
| 23 | Tillomed Italia S.R.L. | Subsidiary of EPUK |
| 24 | Tillomed France SAS | Subsidiary of EPUK |
| 25 | Tillomed Malta Ltd. | Subsidiary of EPUK |
| 26 | Mantra Pharma Inc. | Subsidiary of MPI |
| Particulars | Quarter ended 31-Mar-26 Refer note 5 | Quarter ended 31-Dec-25 Unaudited | Quarter ended 31-Mar-25 Refer note 5 | Year ended 31-Mar-26 Audited | Year ended 31-Mar-25 Audited |
|---|---|---|---|---|---|
| Income: | |||||
| Revenue from operations | 24,697.03 | 23,634.78 | 21,162.45 | 92,035.40 | 78,959.97 |
| Other income | 39.92 | 18.53 | 44.53 | 126.64 | 672.61 |
| Total income | 24,736.95 | 23,653.31 | 21,206.98 | 92,162.04 | 79,632.58 |
| Expenses: | |||||
| Cost of materials consumed | 4,185.79 | 4,212.32 | 4,038.73 | 16,927.74 | 15,269.01 |
| Purchases of stock-in-trade | 6,614.87 | 5,601.11 | 5,718.56 | 23,972.51 | 18,832.35 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | (769.76) | (189.13) | (836.19) | (4,329.63) | (2,635.33) |
| Employee benefit expenses | 3,867.77 | 3,873.29 | 3,733.65 | 15,521.98 | 14,462.92 |
| Depreciation and amortisation expense | 1,062.67 | 1,046.80 | 968.37 | 4,150.46 | 3,841.28 |
| Finance costs | 464.01 | 379.75 | 390.25 | 1,436.73 | 1,757.84 |
| Other expenses | 5,943.62 | 5,536.01 | 4,608.46 | 22,056.73 | 18,342.48 |
| Net (gain)/loss on foreign currency transactions | (369.41) | (326.26) | (124.76) | (1,188.04) | (55.24) |
| Changes in fair value of contingent consideration (refer note 7) | 428.64 | – | – | 428.64 | – |
| Total expenses | 21,428.20 | 20,133.89 | 18,497.07 | 78,977.12 | 69,815.31 |
| Profit before exceptional items and tax | 3,308.75 | 3,519.42 | 2,709.91 | 13,184.92 | 9,817.27 |
| Exceptional items (refer note 3(a) & 3(b)) | (103.01) | 381.50 | 103.78 | 313.49 | 103.78 |
| Profit before tax | 3,411.76 | 3,137.92 | 2,606.13 | 12,871.43 | 9,713.49 |
| Tax expense | |||||
| Current tax | 1,111.60 | 1,023.64 | 915.53 | 3,925.63 | 2,921.57 |
| Deferred tax | (137.20) | (199.42) | (281.77) | (466.89) | (282.75) |
| Total tax expenses | 974.40 | 824.22 | 633.76 | 3,458.74 | 2,638.82 |
| Profit for the period/year | 2,437.36 | 2,313.70 | 1,972.37 | 9,412.69 | 7,074.67 |
| Other comprehensive income | |||||
| (a) Other comprehensive income / (loss) not to be reclassified to profit or loss | 27.18 | (3.00) | (29.01) | 11.95 | (36.17) |
| – Income tax on above | (7.52) | 0.75 | 7.73 | (3.40) | 9.74 |
| (b) Other comprehensive income/(loss) to be reclassified to profit or loss | 310.72 | 256.34 | 305.53 | 1,652.67 | 341.35 |
| Other comprehensive income/(loss) for the period/year | 330.38 | 254.09 | 284.25 | 1,661.22 | 314.92 |
| Total comprehensive income for the period/year | 2,767.74 | 2,567.79 | 2,256.62 | 11,073.91 | 7,389.59 |
| Profit attributable to: | |||||
| Owners of the Holding company | 2,434.03 | 2,305.41 | 1,889.57 | 9,243.61 | 6,813.32 |
| Non-controlling interests | 3.33 | 8.29 | 82.80 | 169.08 | 261.35 |
| Other comprehensive income attributable to: | |||||
| Owners of the Holding company | 329.83 | 254.09 | 286.60 | 1,661.40 | 317.41 |
| Non-controlling interests | 0.55 | – | (2.35) | (0.18) | (2.49) |
| Total comprehensive income attributable to: | |||||
| Owners of the Holding company | 2,763.86 | 2,559.50 | 2,176.17 | 10,905.01 | 7,130.73 |
| Non-controlling interests | 3.88 | 8.29 | 80.45 | 168.90 | 258.86 |
| Earnings per share (not annualised for the quarter): | |||||
| Basic | 12.84 | 12.16 | 9.97 | 48.77 | 36.43 |
| Diluted | 12.84 | 12.16 | 9.97 | 48.77 | 36.43 |
| Paid up equity share capital [Face value per share: ₹ 10] | 1,895.90 | 1,895.73 | 1,894.83 | 1,895.90 | 1,894.83 |
| Other equity | – | – | – | 47,604.42 | 42,567.03 |
| Particulars | 31-Mar-26 Audited | 31-Mar-25 Audited |
|---|---|---|
| A. ASSETS | ||
| (1) Non-current assets | ||
| – Property, plant and equipment | 19,599.28 | 19,535.99 |
| – Capital work-in-progress | 1,720.57 | 1,240.64 |
| – Right-of-use assets | 3,588.37 | 3,494.58 |
| – Goodwill | 4,142.59 | 3,677.75 |
| – Other Intangible assets | 5,861.94 | 5,258.98 |
| – Intangible assets under development | 1,006.47 | 533.36 |
| Financial assets | ||
| i) Investments | 197.03 | 193.36 |
| ii) Other non current financial assets | 412.39 | 394.72 |
| – Deferred tax assets (net) | 1,393.73 | 1,109.90 |
| – Income tax assets (net) | 969.27 | 940.38 |
| – Other non-current assets | 1,112.14 | 388.93 |
| Total non-current assets | 40,003.78 | 36,768.59 |
| (2) Current assets | ||
| – Inventories | 23,978.74 | 19,318.12 |
| Financial assets | ||
| i) Investments | – | 760.43 |
| ii) Trade receivables | 25,626.64 | 20,022.43 |
| iii) Cash and cash equivalents | 1,366.58 | 1,555.36 |
| iv) Bank balances other than (iii) above | 108.63 | 97.61 |
| v) Other current financial assets | 687.38 | 525.21 |
| – Other current assets | 4,353.06 | 3,279.48 |
| Total current assets | 56,121.03 | 45,558.64 |
| TOTAL ASSETS | 96,124.81 | 82,327.23 |
| Particulars | 31-Mar-26 Audited | 31-Mar-25 Audited |
|---|---|---|
| B. EQUITY AND LIABILITIES | ||
| Equity | ||
| – Equity share capital | 1,895.90 | 1,894.83 |
| – Other equity | 47,604.42 | 42,567.03 |
| Equity attributable to owners of the Holding company | 49,500.32 | 44,461.86 |
| – Non-controlling interest | 266.41 | 1,953.68 |
| Total equity | 49,766.73 | 46,415.54 |
| Particulars | 31-Mar-26 Audited | 31-Mar-25 Audited |
|---|---|---|
| C. LIABILITIES | ||
| (1) Non-current liabilities | ||
| Financial liabilities | ||
| i) Borrowings | 2,522.11 | 1,899.37 |
| ii) Lease Liabilities | 2,622.80 | 2,573.17 |
| iii) Other non current financial liabilities | 611.71 | 2,935.40 |
| – Provisions | 426.01 | 475.78 |
| – Deferred tax liabilities (net) | 980.00 | 1,200.33 |
| – Other non-current liabilities | 73.04 | 144.93 |
| Total non-current liabilities | 7,235.67 | 9,228.98 |
| Particulars | 31-Mar-26 Audited | 31-Mar-25 Audited |
|---|---|---|
| (2) Current liabilities | ||
| Financial liabilities | ||
| i) Borrowings | 9,518.72 | 5,417.67 |
| ii) Lease Liabilities | 548.78 | 337.28 |
| iii) Trade payables | ||
| – Total outstanding dues of micro and small enterprises | 916.28 | 322.87 |
| – Total outstanding dues to others | 17,161.38 | 14,472.94 |
| iv) Other current financial liabilities | 7,859.36 | 3,258.00 |
| – Other current liabilities | 965.29 | 1,205.79 |
| – Provisions | 722.64 | 545.12 |
| – Current tax liabilities (net) | 1,429.96 | 1,123.04 |
| Total current liabilities | 39,122.41 | 26,682.71 |
| Total liabilities | 46,358.08 | 35,911.69 |
| TOTAL EQUITY AND LIABILITIES | 96,124.81 | 82,327.23 |
| Particulars | Year ended 31-Mar-26 Audited | Year ended 31-Mar-25 Audited |
|---|---|---|
| A. Cash flows from operating activities: | ||
| Profit before tax | 12,871.43 | 9,713.49 |
| Adjustment for: | ||
| – Depreciation and amortisation expense | 4,150.46 | 3,841.28 |
| – Finance costs | 1,436.73 | 1,757.84 |
| – Employee share-based expense | 28.29 | 19.89 |
| – Interest income |
