SMS Pharmaceuticals Ltd announced it had received an Establishment Inspection Report (EIR) with a No Action Indicated (NAI) status for its Central Laboratory Analytical Services in Hyderabad.
The USFDA inspected the Hyderabad facility between June 23 and June 25 and issued an Establishment Inspection Report (EIR) with a No Action Indicated (NAI) status, confirming closure of the audit. Importantly, the inspection ended with zero observations Form 483 observations.
Strong regulatory news comes alongside a solid earnings print. For the June quarter, SMS Pharma reported a 24.3% year-on-year jump in net profit to ₹20.49 crore, compared with ₹16.48 crore a year earlier. Revenue grew 19.2% to ₹196.05 crore.
The company also completed its backward integration project, which Executive Director P. Vamsi Krishna said will strengthen supply chains and improve cost efficiencies. “With full backward integration now in place for our key APIs, we expect to see meaningful margin expansion in the coming quarters,” he said.
SMS Pharma manufactures active pharmaceutical ingredients (APIs) and intermediates. It runs an R&D centre in Gagillapur, Hyderabad, and production units at Bachupally (Hyderabad) and Kandivalasa (Vizianagaram, Andhra Pradesh).
For feedback and suggestions, write to us at editorial@iiflcapital.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.