Latest news with #Innovative
Mint
31-07-2025
- Business
- Mint
Sun Pharma Q1 Results: Net profit declines 20% to ₹2,279 crore; revenue up 9%
Sun Pharma Q1 Results: Sun Pharma announced its results for the quarter ended June 2025 (Q1FY26) today, July 31. The pharma stock's consolidated net profit fell 20 percent to ₹ 2,279 crore in Q1FY26, dented by a one-time exceptional charge. It posted a net profit of ₹ 2,835 crore in the same period last year. Sequentially, the profit rose 6 percent from ₹ 2150 crore in the March quarter. The consolidated revenue of the company rose over 9 percent to ₹ 13,851 crore in the June 2025 quarter from ₹ 12,653 crore in Q1FY25 in the quarter under review, driven by strong growth across key markets, including India, the US, and the Rest of World regions. Sun Pharma's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 19.2% from last year to ₹ 4,302 crore. EBITDA margin for the quarter expanded by 250 basis points to 31 percent from 28.5 percent last year. Excluding exceptional items, Sun Pharma posted a 5.7 percent year-on-year increase in adjusted net profit at ₹ 2,996.1 crore for the quarter ended June 2025. The company incurred an exceptional charge of ₹ 818 crore during the quarter, which comprised a ₹ 288 crore write-off stemming from the termination of the SCD-044 development programme and a ₹ 530 crore provision related to a legal settlement in the United States. The firm reported gross sales of ₹ 137,861 million for the first quarter of FY26, marking a 10.1 percent year-on-year growth. The company's India formulation business contributed ₹ 47,211 million, registering a robust 13.9 percent increase. In the US market, formulation sales rose 1.4 percent to $473 million. Notably, the Global Innovative Medicines segment delivered strong growth, with sales rising 16.9 percent to $311 million, accounting for 19.3 percent of total Q1FY26 revenues.
Mint
31-07-2025
- Business
- Mint
Sun Pharma Q1 Results: Net profit declines 20% to ₹2,279 crore; revenue up 9%
Sun Pharma Q1 Results: Sun Pharma announced its results for the quarter ended June 2025 (Q1FY26) today, July 31. The pharma stock's consolidated net profit fell 20 percent to ₹ 2,279 crore in Q1FY26 as against ₹ 2,835 crore in the same period last year. Sequentially, the profit rose 6 percent from ₹ 2150 crore in the March quarter. The consolidated revenue of the company rose over 9 percent to ₹ 13,851 crore in the June 2025 quarter from ₹ 12,653 crore in Q1FY25 in the quarter under review. The firm reported gross sales of ₹ 137,861 million for the first quarter of FY26, marking a 10.1 percent year-on-year growth. The company's India formulation business contributed ₹ 47,211 million, registering a robust 13.9 percent increase. In the US market, formulation sales rose 1.4 percent to $473 million. Notably, the Global Innovative Medicines segment delivered strong growth, with sales rising 16.9 percent to $311 million, accounting for 19.3 percent of total Q1FY26 revenues. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Leader Live
30-07-2025
- Business
- Leader Live
William's homelessness initiative is to deliver homes in third location
A property in south London owned by William's Duchy of Cornwall estate will be converted into 16 flats to provide affordable homes for 18 to 25-year-olds. The new 'Innovative Housing Project' is in the London borough of Lambeth, one of six locations Homewards is working in to create a blueprint to ending homelessness in all its forms, and it will be completed in partnership with homeless charity Centrepoint, which William supports as patron. William marked Homewards's second anniversary this summer by saying his programme was now in 'delivery mode' and the Lambeth initiative is the third Innovative Housing Project to be launched. Seyi Obakin, Centrepoint's chief executive, said: 'Centrepoint is committed to ending youth homelessness in the UK and we know that can only be achieved through collaborative effort. 'We are pleased to work in partnership with Homewards, the Duchy of Cornwall and Lambeth Council to demonstrate that eradicating youth homelessness is achievable. 'By linking rent to individual income levels, this Innovative Housing Project offers more than shelter – it offers young people the stepping stone they need to pursue their careers, build financial resilience and transition out of homelessness for good. 'Through this project, we will demonstrate the effectiveness of this housing model and, hopefully, inspire similar solutions across the country.' The Lambeth project aims to act as a bridge between supported accommodation and the private rented sector with Centrepoint managing the homes and expanding their Independent Living Programme, which aims to break the cycle of homelessness. The flats will be provided to young people already employed, with a number allocated to those moving towards employment, to test a new model to get people into housing and jobs at the same time. With the planning proposal now endorsed by Lambeth Council's planning applications committee, work is expected to begin as soon as possible. Homewards was also involved in the design of the Duchy of Cornwall's first housing project to address homelessness in Nansledan, for which work is already underway. Some 300 homes – a mixture of empty accommodation, private rentals and new builds – are forecast to be delivered through Homewards's Innovative Housing Projects. The first residents moved into flats in Aberdeen in March after Homewards brought together a local housing association, high street retailers and others to provide and furnish the property, and the second Innovative Housing Project, launched in Sheffield. saw tenants move into their new homes in June.
Rhyl Journal
30-07-2025
- Business
- Rhyl Journal
William's homelessness initiative is to deliver homes in third location
A property in south London owned by William's Duchy of Cornwall estate will be converted into 16 flats to provide affordable homes for 18 to 25-year-olds. The new 'Innovative Housing Project' is in the London borough of Lambeth, one of six locations Homewards is working in to create a blueprint to ending homelessness in all its forms, and it will be completed in partnership with homeless charity Centrepoint, which William supports as patron. William marked Homewards's second anniversary this summer by saying his programme was now in 'delivery mode' and the Lambeth initiative is the third Innovative Housing Project to be launched. Seyi Obakin, Centrepoint's chief executive, said: 'Centrepoint is committed to ending youth homelessness in the UK and we know that can only be achieved through collaborative effort. 'We are pleased to work in partnership with Homewards, the Duchy of Cornwall and Lambeth Council to demonstrate that eradicating youth homelessness is achievable. 'By linking rent to individual income levels, this Innovative Housing Project offers more than shelter – it offers young people the stepping stone they need to pursue their careers, build financial resilience and transition out of homelessness for good. 'Through this project, we will demonstrate the effectiveness of this housing model and, hopefully, inspire similar solutions across the country.' The Lambeth project aims to act as a bridge between supported accommodation and the private rented sector with Centrepoint managing the homes and expanding their Independent Living Programme, which aims to break the cycle of homelessness. The flats will be provided to young people already employed, with a number allocated to those moving towards employment, to test a new model to get people into housing and jobs at the same time. With the planning proposal now endorsed by Lambeth Council's planning applications committee, work is expected to begin as soon as possible. Homewards was also involved in the design of the Duchy of Cornwall's first housing project to address homelessness in Nansledan, for which work is already underway. Some 300 homes – a mixture of empty accommodation, private rentals and new builds – are forecast to be delivered through Homewards's Innovative Housing Projects. The first residents moved into flats in Aberdeen in March after Homewards brought together a local housing association, high street retailers and others to provide and furnish the property, and the second Innovative Housing Project, launched in Sheffield. saw tenants move into their new homes in June.
North Wales Chronicle
30-07-2025
- Business
- North Wales Chronicle
William's homelessness initiative is to deliver homes in third location
A property in south London owned by William's Duchy of Cornwall estate will be converted into 16 flats to provide affordable homes for 18 to 25-year-olds. The new 'Innovative Housing Project' is in the London borough of Lambeth, one of six locations Homewards is working in to create a blueprint to ending homelessness in all its forms, and it will be completed in partnership with homeless charity Centrepoint, which William supports as patron. William marked Homewards's second anniversary this summer by saying his programme was now in 'delivery mode' and the Lambeth initiative is the third Innovative Housing Project to be launched. Seyi Obakin, Centrepoint's chief executive, said: 'Centrepoint is committed to ending youth homelessness in the UK and we know that can only be achieved through collaborative effort. 'We are pleased to work in partnership with Homewards, the Duchy of Cornwall and Lambeth Council to demonstrate that eradicating youth homelessness is achievable. 'By linking rent to individual income levels, this Innovative Housing Project offers more than shelter – it offers young people the stepping stone they need to pursue their careers, build financial resilience and transition out of homelessness for good. 'Through this project, we will demonstrate the effectiveness of this housing model and, hopefully, inspire similar solutions across the country.' The Lambeth project aims to act as a bridge between supported accommodation and the private rented sector with Centrepoint managing the homes and expanding their Independent Living Programme, which aims to break the cycle of homelessness. The flats will be provided to young people already employed, with a number allocated to those moving towards employment, to test a new model to get people into housing and jobs at the same time. With the planning proposal now endorsed by Lambeth Council's planning applications committee, work is expected to begin as soon as possible. Homewards was also involved in the design of the Duchy of Cornwall's first housing project to address homelessness in Nansledan, for which work is already underway. Some 300 homes – a mixture of empty accommodation, private rentals and new builds – are forecast to be delivered through Homewards's Innovative Housing Projects. The first residents moved into flats in Aberdeen in March after Homewards brought together a local housing association, high street retailers and others to provide and furnish the property, and the second Innovative Housing Project, launched in Sheffield. saw tenants move into their new homes in June.
