Sigachi Industries Declares Q3 Results; Board Appoints New Chairman

With a market valuation of Rs 1.66KCr, Sigachi Industries' shares closed Friday's trading session on the NSE 4.15% higher at Rs 51.97 a share. This followed the Board of Directors' announcement of the quarter's financial performance, which ended on December 31, 2024. The company's consolidated net profit for the third quarter (Q3 FY2025) jumped more than 30% YoY to Rs 21.35 crore. The October-December quarter of FY2024 saw a net profit of Rs 16.11 crore for the corporation. In Q3FY25, the company's revenue from operations was Rs 139.41 crore, up 25% YoY from Rs 110.94 crore in the same quarter the previous year. The primary cause of revenue growth was a spike in customers.

From Rs 112.65 crore in Q3 of the previous fiscal year to Rs 141.43 crore in the current quarter, the total income improved. Over the course of the quarter under review, the expenses rose to Rs 114.72 crore.

The Board of Directors "Appointed Mr. Amit Raj Sinha Managing Director & Chief Executive Officer of the Company as Chairman of the Board of the Company," said Sigachi Industries in a stock exchange filing.

52,52,190 equity shares of Re.1/-each were issued to non-promoters upon the conversion of 5,25,219 warrants (post-split: 52,52,190) at an issue price of Rs.261/-per share of Rs.10/-(post-split: Rs26.10/-per share of Re.1/-each) on August 30, 2024. Up till December 31, 2024, this company has collected Rs. 123.52 crores in compensation for the Rs. 286.45 crores allotted for convertible warrants.

Sigachi Industries Limited recently said that it earned audit certification from the Global Alliance for Improved Nutrition (GAIN). By following the stringent guidelines and standards established by GAIN, Sigachi reaffirms its dedication to creating safe, high-quality, and nutritionally enhanced products that satisfy the changing needs of customers worldwide. On behalf of the Global Alliance for Improved Nutrition ("GAIN"), Intertek has audited and certified Sigachi's Sultanpur, Hyderabad plant. Customers across the world will get BaseBlendÒ, the company's line of vitamin and mineral premixes, with the highest quality requirements. With a 9000 MT/installed capacity that is GAIN Certified and a presence in 65 countries worldwide (in the food and pharmaceutical excipients sector), Sigachi is considering using its BaseBlend® brand to serve the global premix market, as per a regulatory filing.

The pharmaceutical firm Sigachi Industries Limited, which has been in business for more than 33 years and is listed on both the NSE and the BSE, operates globally. The company developed APIs, O&M services, vitamin and mineral nutrition blends C and D, and excipients. Telangana, Gujarat, and Karnataka are the three states where Sigachi has five state-of-the-art facilities. The company has reached customers in 62 countries thus far. Sigachi's headquarters are in Hyderabad, India, and the company also has a subsidiary in the United Arab Emirates.