Indegene has announced its financial results, achieving revenue of INR 6,765 million in Q1FY25 with growth of 11.4 percent vs Q1FY24.

The company achieved a revenue of INR 6,765 million for Q1FY25, marking an 11.4 percent growth compared to the same quarter in the previous year (Q1FY24).

This growth demonstrates Indegene's continued momentum, particularly with its largest and several of its top 20 clients, who have shown increased activity and volume levels, driven by a pipeline of impending new product launches.

Indegene's EBITDA for Q1FY25 was INR 1,328 million, reflecting a robust 14.5 percent increase from Q1FY24. The EBITDA margin for the quarter stood at 19.6 percent, a slight improvement from 19.1 percent in Q1FY24. Profit after tax (PAT) for the quarter reached INR 877 million, representing a PAT margin of 13.0 percent, up from 11.3 percent in the same period last year.

“In Q1FY25, we achieved revenue growth of 11.4 percent and robust EBITDA growth of 14.5 percent 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”, said Manish Gupta, Chairman and CEO, Indegene Limited.

“Based on our conversations with our top clients, we anticipate similar momentum across the industry. Further, compared to last year, our pipeline is heathier and the quality of conversations with clients is much better, which gives us confidence about driving robust growth in the medium term,” Gupta added.

“Our Q1FY25 EBITDA margin of 19.6 percent and PAT margin of 13.0 percent 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,” said Suhas Prabhu, CFO, Indegene Limited.

“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,” said Prabhu.

The company's financial performance highlights its strong execution, with Q1FY25 results showing improvements in both revenue and profitability.