Interim report
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Date: 4th November, 2025 To The Manager, Listing Department, National Stock Exchange of India Ltd. 'Exchange Plaza’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 NSE Symbol: APLLTD To. The Manager, Department of Corporate Services, BSE Limited P. J. Towers, DalaI Street, Fort, Mumbai – 400 001 Scrip Code: 533573 Dear Sir / Madam, Sub: Outcome of Board Meeting With reference to the captioned subject, the exchanges are hereby informed that the Board of Directors of Alembic Pharmaceuticals Limited at its meeting held today has inter-alia approved the Unaudited Financial Results for the quarter and half year ended 30th September, 2025. We enclose herewith the following: a) i) ii) iii) Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 2025. Consolidated Statement of Assets and Liabilities as at 30th September 2025. Consolidated Cash Flow Statements for the half year ended 30th September 2025 b) i) ii) iii) Standalone Unaudited Financial Results for the quarter and half year ended 30th September, 2025. Standalone Statement of Assets and Liabilities as at 30th September 2025. Standalone Cash Flow Statements for the half year ended 30th September 2025 c) Limited Review Report by Statutory Auditors on the Consolidated and Standalone Unaudited Financial Results The time of commencement of the Board Meeting was 12 Noon and the time of conclusion was 2:25 p.m. h ALEMBIC PHARMACEUTICALS LIMITED REGD. OFFICE : ALEMBIC ROAD, VADODARA - 390 003. ' TEL : (0265) 2280550, 2280880 Website : www.alembicpharmaceuticals.com • E.mail : alembic@alembic.co.in • CIN: L24230GJ201 OPLC061123
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We request you to kindly take the same on record. Thanking you, Yours faithfully, For Alembic Pharmaceuticals Limited Company Secretary Encl.: A/a. ALEMBIC PHARMACEUTICALS LIMITED ALEMB IC ROAD, VADODARA - 390 003 • TEL.: (0265) 2280550, 2280880• FAX.: (0265) 2282506 Website.: alembicpharmaceuticals.com • E-Mail.: alembic@alembic.co.in CIN - L24230GJ2010PLC061 i 23
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ALEtIBIC PHARMACEUTICALS LIMITED CIN :L24230GJ2010PLC061 123 Regd.Office: Alembic Road, Vadodara - 390 003 Tel : 0265 6637000 Email : apI.investors@alembic.co.in Website : www.alembicpharmaceuticals.com Statement of Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 202S I 2 3 4 5 6 7 8 9 10 11 12 1 Non-controlling interests 13 14 15 !6 17 18 Particulars Revenue from Operations Other Income Total Income Expenses (a) Cost of Materials consumed (b) Purchase of stock-in-trade (c) Changes in Inventories of finished goods, Stock in trade and WIP (d) Employee benefits expense (e) Finance Costs (f) Depreciation & Amortization Expense (g) Other Expenses Total Expenses Profit before Share of Profit / (Loss) of Associates and Joint Ventures Share of Profit / (Loss) of Associates & Joint Ventures Profit Before Exceptional Item and Tax Exceptional Item - Refer Note No 4 Profit Before Tax Tax Expense (i) Current Tax (ii) Deferred Tax (iii) Short /(Excess) Tax Provision Profit for the Period before non<ontrolling interests Profit for the Period after non-controlling interests Other Comprehensive Income A (i) Items that will not be reclassified to profit / (loss) (ii) Income tax relating to items that will not be reclassified to profit /\"I (Ioss) B (i) Items that will be reclassified to profit / (loss) Total Other Comprehensive Income ( A+B) Total Comprehensive Income for the period (11+ 14) Attributable to: - Non-controlling interests - Owners of the Company Earnings per share - Basic & Diluted (in Rs.) Paid UP Equity Share Capital (Face Value of Rs 2/- each) Other Equity ;# Quarter Ended 30.09.2025 1 30.06.2025 (Unaudited) I (Unaudited) 1,910.15 1 1.710.72 6.91 1 6.50 1,917.06 1 1.717.22 463.14 126.82 (74.04) 437.54 24.23 76.07 641.00 1,694.76 222.30 1.42 223.72 223.72 46.59 (6.59) 183.71 1.00 184.71 (7.18) 1.25 10.59 4.67 188.38 (1.10) 189.49 9.40 39.31 30.09.2024 (Unaudited ) 1,647.98 16.74 1,664.72 393.14 102.64 (66.66) 391.47 18.81 70.51 588.13 1,498.03 431.27 109.16 ( 133.02) 422.77 23.52 73.77 599.19 1.526.67 166.69190.55 (0.45) 190.10 0.86 167.55 12.87 190.10 180.42 22.22 14.26 40.23 (12.95) 0.00 153.63 0.75 154.38 153.14 0.26 153.41 (0.47) 0.08 0.26 (0.05) 1.091.10 0.71 154.33 1.31 154.45 (0.76) 155.09 7.85 (0.25) 154.71 7.79 39.31 39.31 Half Year Ended 30.09.2025 1 30.09.2024 (Unaudited) I (Unaudited) 3,620.87 1 3,209.71 13.41 1 18.85 3,634.28 1 3,228.55 894.41 235.98 (207.06) 860.31 47.75 149.84 1,240. 19 3,221.43 412.85 0.97 413.82 413.82 68.81 7.67 337.34 1.75 339.09 (7.65) 1.34 11.69 5.38 342.72 ( 1.86) 344.58 17.25 39.31 Rs. in Crores Year Ended 31.03.2025 ( Audited ) 6.672.08 42.55 6,714.63 799.07 198.14 ( 174.00) 771.24 31.99 139.55 1,139.17 2,905.16 323.40 1.18 324.58 12.87 337.45 79.05 (29.29) 0.00 287.69 0.43 288.12 (3.64) 0.64 0.98 (2.03) 285.66 (0.42) 286.08 14.64 39.31 1.672.17 410.96 (289.77) 1.562.34 78.77 278.58 2.308.15 6.021.19 693.44 0.87 694.31 12.87 707.18 122.69 2.99 (0.51) 582.01 1.41 583.42 (1.89) 0.82 6.59 5.52 587.54 ( 1.42) 588.96 29.68 39.31 5.151.63 '€:'y8:
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Notes : 1 2 3 The above consolidated results have been recommended by the Audit Committee and approved by the Board of Directors of the Company. The results have been subjected to review by the statutory auditors of the Company The report of the statutory auditors is unqualified. The Company is engaged in Pharmaceuticals business only and therefore, there is onjy one reportable segment. On July 2, 2025, Alembic Pharmaceuticals Inc., the wholly owned US-based subsidiary of the Company, completed the acquisition of a UK-based entity engaged in research and development activities. The transaction has been accounted as acquisition of intangible assets, Accordingly Alembic Pharmaceuticals Inc has recognised intangible asset in its consolidated financial statements amounting equivalent to (USD 25.00 mn) ?221.97 crore, which includes the upfront payment, transaction-related expenses, and the present value of deferred consideration contingent upon the future performance of the acquired assets. Based on an independent valuation obtained, the consideration was primarily attributable to a single identifiable intangible asset 4 5 Insurance claim pertaining to flash floods at Sikkim unit was fully settled and a net income of Rs. 12.87 crore was recognised under Exceptional Items in the financial year 2024-25. Disclosures as per Regulation 52(4) of the SEBI (Listing Obligatiorls and Disclosure Requirements) Regulations, 2015 as applicable and additional informations are given hereunder: Sr. No 1 Particulars 30.09.2025 0.27 luarter Ended 3 Half Year Ended 30.09.2025 1 30.09.2024 Year Ended 31.03.2025 Debt-EquitY Ratio (in times) Debt / Net Worth [Debt : Total Debt ( Short term + Long term) Net worth : Share Capital + Other Equity] 0.22 0.20 o.27 1 o.20 0.23 b Debt Service Coverage Ratio (in times) (Profit before tax+interest) / (Interest + schedule principal repayments of Long term debt) Annualised 10.23 9.08 1 10.59 9.67 1 11.55 9.98 Interest Service Coverage Ratio (in times) (Profit before tax+interest)/ Interest 10.23 5,322835 9.08 5,349.08 10.59 4.900.58 9.67 5,322.35 II.55 4,900.58 9.98 5, 193.99d e f g h Net Worth (Rs. in Crores) (Equity capital + Other Equity excluding fair value change on financial Instruments throuqh OCI) ICurrent Ratio (in times) Current Asset / Current Liabilities 1059 0.02 1.73 1.73 1.59 0.02 1.73 1.69 Long Term Debt to working capital (in times) Long Term Borrowings (incl. Current Maturities)/ (Current Assets - Current Liabilities) Bad Debts to Accounts Receivable Ratio (%) Bad Debts / Accounts Receivable 0.040/o 0.410/o Oe040/o 0.410/o 0.380/o Current Liability Ratio (in times) Current Liabilities / Total Liabilities Total Debts to Total Assets (in times) (Long term Borrowings + Short Term Borrowings+ Lease liability)/ Total Assets i Debtors Turnover Ratio (in times) (Value of Sales and Service / Average Debtor) Annualised 0.89 0.18 0.94 0.16 0.93 0.15 0.89 0.18 0.93 0.15 0.93 0.16 1 5.48 4.90 5.69 5.39 5.24 4.68 5.55 5:24 5.42 5.17k I Inventory Turnover ( in times) (Sale of products / Average WIP, FG and Stock in trade Inventory) Annualised Operating Margin (o/o) EBFFDA / Revenue from Operations Net Profit Margin (o/o) (Net Profit after taxes and share of Profit/(Loss) of Associates and Joint Ventures)/ Revenue from Operations 4.58 t 7,020/o 9,670/o 16.84c/o 9.02c)/o 15.600/o 9.310/o 16a930/o 9o360/o ISo47cYo 8.98cYo 15.78cYo 8.740/o 6 The previous quarter's / year's figures have been regrouped / rearranged wherever necessary to make them comparable with the current quarter / period. For Alembic Pharmaceuticals Limited Place : Mumbai Date : 4th November,2025 Fn- Chairman and CEO Visit us at www.alembicpharmaceuticals.com
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Alembic Pharmaceuticals Limited Statement of Assets and Liabilities - Consolidated Particulars A 1 ASSETS Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Other Intangible assets (c) Financial Assets (i) Investments (ii) Investment accounted for using Equity Method (d) Deferred tax assets (net) (e) Other non-current assets 2jcurrent assets (a) Inventories (b) Financial Assets - Trade receivables - Cash and cash equivalents - Bank balances other than cash and cash equivalents - Other financial assets (c) Current Tax Assets (Net) (d) Other current assets TOTAL - ASSETS BIEQurrY AND LIABILITIES II Equity (a) Equity Share capital (b) Other EquiLV Equity attributable to owners of the Company (c) Non-controlling interests Total Equity Non-current liabilities (a) Financial liabilities - Borrowings - Lease liabilities (b) Provisions (c) Other Non current Liability 2 Current liabilities (a) Financial liabilities - Borrowings - Lease liabilities - Trade payables A) Due to Micro and Small Enterprises B) Due to other than Micro and Small Enterprises - Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) 3 TOTAL - EQUrrY AND LiABiLrriES For Alembic Pharmaceuticals Limited Place : Mumbai Date : 4th November,2025 Visit ug at www.alembicpharInaceuticaIs.com As at 30th I September, 2025 Unaudited 2,612.00 902.73 221.97 102.52 26.69 165.17 16.16 2,540.70 1,313.93 134.38 8.65 12.15 9.45 330.42 8,396.93 39.31 5,279.99 5.319.30 (3.28) W 01 39.95 43.82 98.24 168.70 1,374.02 30.93 31.42 855.95 204. 18 62.49 114.42 56.79 3 Rs. in Crores As at 31st March, 2025 : Audited 2,523.53 837.23 101.49 25.72 166.03 31.15 2,288. 14 1,399.79 83.48 6.62 11.53 11.01 287.23 7,772.94 39.31 5, 151.63 5, 190.94 (1.42) 5 46.77 124.31 1, 195.57 15.16 60.34 819.55 150.12 66.81 85.87 18.91 Chirayu Amin Chairman and CEO VADCBARA 3 {} a
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Alembic Pharmaceuticals Limited Consolidated Statement of Cash Flows For the Half Year ended 30th September, 2025 Particulars A B C I Net (Decrease)/Increase in cash and cash equivalents ( A+B+C) II. Cash and cash equivalents at the beginning of the Year :II. Cash and cash equivalents at the end of the period (1+I1) IV. Cash and cash equivalents at the end of the period Balances with Banks Cash on hand Cash and cash equivalents CASH FLOWS FROM OPERATING AcrivrriEs: Net Profit Before Tax as per Statement of Profit and Loss ( After Exceptional item) Adjustments for: Share of (Profit) / Loss of Associates and Joint Ventures Depreciation and amortisation Interest Expense Interest Income Dividend Income / Gain on Sale of Investments Unrealised foreign exchange (gain) / loss (net) Fair value (gain)/ loss on financial instruments at fair value through profit or loss Provision / write off for doubtful trade receivables Sundry balances written off / written-back (net) Loss/(Profit) on sale of Asset Operating Profit before change in working capital Working capital changes: (Increase) in Inventories (Increase)/Decrease in Trade Receivables (Increase) in Other Assets Increase in Trade Payables Increase in Other Liabilities Increase/(Decrease) in Provisions Cash generated from operations Direct taxes paid (Net) Net Cash inflow from Operating Activities ( A) CASH FLOWS FROM iNVEgriNG AciivrriEs: Proceeds from Sale of Asset Interest received Dividend / Gain on Sale of Investments Purchase of Property, Plant & Equipments and Capital Advance Purchase of intangible assets Investment in Alternative Investment Equity Fund Net Cash inflow from Investing Activities (B) CASH FLOWS FROM FINANCING AcrivrriEs: Proceeds from long term borrowings Net Proceeds / (Payments) in short term borrowings Payment of lease liabilities Change in Restricted Bank Balances other than Cash & Cash Equivalents Dividends paid Interest and other finance costs Net Cash inflow from Financing Activities (C) Place : Mumbai Date : 4th November,2025 For the Half Year ended 30th September, 202S (Unaudited) 413.82 (0.97) 149.84 47.75 (0823) (0.19) 28e3S ( 1.04) 0805 0.00 1.89 639.28 (252.56) 107.12 (34.68 ) 3.47 (20.22) (5.17) 437.25 (34.33 ) 402.92 0.41 0.19 ( 234.17) (53.48 ) (287.05) 39.95 178.45 ( 12.29 ) (2.22) (216.22) (52.64) (64.97) 50090 83.48 134.38 134.14 0.23 134.38 For Alembic Pharmaceuticals Limited Rs. in Crores For the Half Year ended 30th September, 2024 (Unaudited) 337.45 (1.18) 139.55 31.99 (0.72) (0.74) 20.91 (2.48) 0.45 0.00 0.00 525.23 (368.98) (257.70) (75.as) 153.93 ( 14.43) 1.03 (35.97) (65.00) ( 100.97) 0.00 0.72 0.74 (190.03) (5.00) (193.57) 564.50 ( 14.09) ( 1.42) (216.22) (36.39) 296.38 1.84 120.21 122.05 121.82 0.23 122.05 Chirayu Amin Chairman and CEO Visit us at www.alembicpharmaceuticals.com
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ALEMBIC PHARMACEUTICALS LIMITED CIN :L24230GJ2010PLC06 1 123 Regd.Office: Alembic Road, Vadodara - 390 003 Tel : 0265 6637000 Email : apI.investors@alembic.co.in Website : www.alembicpharmaceuticals.com Statement of Standalone Unaudited Financial Results for the quarter and half year ended 30th Septemberf 2025 I 2 3 4 S 6 7 8 9 10 11 12 13 14 = Touching Lives Particulars 30.09.2025 (Unaudited ) 1,796.24 11.49 1,807.73 Revenue from Operations Other Income Total Income Expenses (a) Cost of Materials consumed (b) Purchase of stock-in-trade (c) WI:lges in Inventories of finished goods’ Stock in trade and (d) Employee benefits expense (e) Finance Costs (f) Depreciation & Amortization Expense (g) Other Expenses Total Expenses Profit Before Exceptional Item and Tax Exceptional Item - Refer Note No 2 Profit Before Tax 408.12 22.81 75.64 500.90 1,591.38 216.35 1 Tax Expense (i) Current Tax (ii) Short /(Excess) Tax Provision Profit for the Period Other Comprehensive Income (i) Items that will not be reclassified to profit / (loss) (ii) Income tax relating to items that will not be reclassified to profit / (loss) Total Comprehensive Income for the period Earnings per share - Basic & Diluted (in Rs.) Paid up Equity Share Capital (Face Value of Rs 2/- each) I Other Equity Quarter Ended 30.06.2025 ( Unaudited ) 1,494.17 7.79 1, 501.96 463. 14 97.97 431.27 97.50 22.80 (111.50) 396.40 22.64 73.37 466.76 1.376.44 125.52 125.52216.35 36.99 22.00 179.36 103.52 (7.18) 1.25 (0.47) 0.08 173.44 9.12 39.31 103.13 5.27 39.31 30.09.2024 (Unaudited ) 1.580.35 16.06 1.596.41 393.14 96.10 (17.19) 367.61 18.28 70.12 481.20 1.409.26 187.15 12.87 200.02 34.24 0.00 165.78 0.26 (0.05) 166.00 8.43 39.31 Half Year Ended 30.09.2025 ( Unaudited ) 3,290.41 19.29 3,309.69 894.41 19S.47 (88.70 ) 804.52 45.45 149.01 967.66 2,967.82 341.87 341.87 58.99 282.88 (7.65) 1.34 276.57 14.39 39.31 30.09.2024 (Unaudited ) 3,055.91 19.20 3,075.11 799.07 190.46 (128.87) 724.13 30.97 138.80 920.21 2,674.76 400.35 12.87 413.22 71.25 0.00 34 i 897 (3.64) 0.64 338.97 17.40 39.31 Rs. in Crores Year Ended 31.03.2025 ( Audited ) 6.032.63 47.88 6,080.51 1,672.17 385.14 (268.54) 1.466.57 76.47 277.08 1.875.90 5,484.80 595.72 12.87 608.59 105.98 (0.51) 503.12 (1.89) 0.82 502.05 25.60 39.31 5. 155.43
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Notes : 1 2 3 Ttre above standalone results have been recommended by the Audit Committee and approved by the Board of Directors of the Company. Ttle results have been subjected to review by the statutory auditors of the Company. Tbe report of the statutory auditors is unqualified Insurance claim pertaining to flash floods at Sikkim unit was fully settled and a net income of Rs. 12.87 crore was recognised under Exceptional Items in the financial year 2024-25 Disclosures as per Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as applicable and additional informations are given hereunder Sr. ParticularsNo Quarter Ended 3 2 0 2 Half Year Ended 3 0 Year Ended 0 0.22a b C d e f g h Debt-Equity Ratio (in times) Debt / Net Worth [Debt : Total Debt ( Short term + Long jterm) Net worth : Share Capital + Other Equity] Debt Service Coverage Ratio (in times) (Profit before tax+interest) / (Interest + schedule principal repayments of Long term debt) Annualised Interest Service Coverage Ratio (in times) (Profit before tax+interest)/ Interest Net Worth (Rs. in Crores) (Equity capital + Other Equity excluding fair value change on financial Instruments through OCI) 10.49 1 6.54 1 11.94 8.52 14.34 8.96 10.49 5,258.15 6.54 5.300.93 11.94 5,044. 19 8.52 5,258. 15 14.34 5.044. 19 8.96 5,197.79 Current Ratio (in times) Current Asset / Current Liabilities Bad Debts to Accounts Receivable Ratio (%) Bad Debts/ Accounts Receivable 1.59 1.72 0.040/o 1.83 0.320/o 1.59 O,030/o 1.83 0.320/o 1.71 0.360/o Current LiabilitY Ratio (in times) Current Liabilities / Total Liabilities 0.95 0018 0.94 0.16 0.93 0.14 0.95 0.18 0.93 0.14 0.93 0.16Total Debts to Total Assets (in times) (Long term Borrowings + Short Term Borrowings+ Lease liability)/ Total Assets Debtors Turnover Ratio (in times) (Value of Sales and Service / Average Debtor) Annualised Inventory Turnover (in times) 4.7S 6.08 4.30 5.11 4.22 6.97 4.39 5.62 4.08 6.73 4.20 6.12J k I (Sale of products / Average WIP, FG and Stock in trade Inventory) Annualised Operating Margin (o/o) EBTTDA / Revenue from Operations 17.530/o 9,990/o 14.830/o 6.930/o 17.440/o 10.490/o 16a300/o 8o600/o 18.660/o 11,190/o 15.740/o 8.34cYoNet Profit Margin (o/o) Net Profit after taxes / Revenue from Operations 4 Ttle previous quarter's / year's figures have been regrouped / rearranged wherever necessary to make them comparable with the current quarter / period. For Alembic Pharmaceuticals Limited Place : Mumbai Date : 4th November,2025 Chirayu Amin Chairman and CEO Visit us at www.aIambicpharmaceuticals.com VADODARA 330GC
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Alembic Pharmaceuticals Limited Statement of Assets and Liabilities - Standalone Particulars A 1 ASSETS Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Financial Assets (i) Investments (ii) Loan (d) Deferred tax assets (net) (e) Other non-current assets 2 Current assets (a) Inventories (b) Financial Assets - Trade receivables - Cash and cash equivalents - Bank balances other than cash and cash equivalents - Loans - Others financial assets (c) Current Tax Assets (Net) (d) Other current assets TOTAL - ASSETS B 1 EQUITY AND UABIUTIES 1 1 Equity (a) Equity Share capital (b) Other Equity 2 INon-current liabilities (a) Financial liabilities - Lease liabilities (b) Provisions 3 Current liabilities (a) Financial liabilities - Borrowings - Lease liabilities - Trade payables A) Due to Micro and Small Enterprises B) Due to other than Micro and Small Enterprises - Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) TOTAL - EQUITY AND LIABILITIES For Alembic Pharmaceuticals Limited Place : Mumbai Date : 4th November,2025 Visit us at www.a:embicpharmaceuticals.com Rs. in Crores As at 30th I As at 31st ltember, 202s I March, 2025 Unaudited ) I (Audited 2.513.47 837.23 2,591.68 902.73 259.56 71.24 77.42 31.15 260.62 85.74 77.42 16.16 2, 110.56 1,976.34 1,457.73 22.97 6.43 11.65 10.61 9.45 296.28 1,480.67 14.23 6.62 12.88 10.47 9.21 255.78 7,556.278 39.31 5,215.78 39.31 5,155.43 37.62 124.31 35.94 98.24 1,142.22 14.09 1,338..00 18.70 31.42 652.31 202.15 62.00 113.86 52.31 60.34 664.23 149.33 66.62 85.27 17.49 S Chirayu Amin Chairman and CEO VADCDABA 39008
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Alembic Pharmaceuticals Limited Standalone Statement of Cash Flows For the Half Year ended 30th September, 202s Particulars Net Profit Before Tax as per Statement of Profit and Loss (After Exceptional item) Adjustments for: Depreciation and amortisation Interest Expense Interest Income Dividend Income / Gain on Sale of Investments Unrealised foreign exchange (gain) / loss (net) Fair value (gain)/ loss on financial instruments at fair value through profit or loss Provision / write off for doubtful trade receivables Sundry balances written off / written-back (net) Loss/(Profit) on sale of Asset Operating Profit before change in working capital Working capital changes: (Increase) in Inventories (Increase)/Decrease in Trade Receivables (Increase) in Other Assets Increase/(Decrease) in Trade Payables Increase/(Decrease) in Other Liabilities Increase/(Decrease) in Provisions Cash generated from operations Direct taxes paid (Net) Net Cash inflow from Operating Activities (A) B CASH FLOWS FROM INVESTING ACTivrriEs: Proceeds from Sale of Asset Loan to subsidiary company Interest received Dividend / Gain on Sale of Investments received Purchase of Property, Plant & Equipment and Capital Advance Investment in Alternative Investment Equity Fund Investment in Subsidiary Net Cash inflow from Investing Activities (B) C CASH FLOWS FROM FINANCING AcriviTiEs: Net Proceeds / (Payments) in short term borrowings Payment of lease liabilities Increase in Restricted Bank Balances other than Cash & Cash EquIvalents Dividends paid Interest and other finance costs Net Cash inflow from Financing Activities (C) Net (Decrease)/Increase in cash and cash equivalents ( A+B+C)I II. Cash and cash equivalents at the beginning of the Year :II. Cash and cash equivalents at the end of the period (1+I1) IV. Cash and cash equivalents at the end of the period Balances with Banks Cash on hand Cash and cash equivalents qb (J AcCOt': iD;itsY' R: VADODAR A 390603 Place : Mumbai Date : 4th November,2025 For the Half Year For the Half Year ended 30th ended 30th September, 2025 September, 2024 Unaudited ) (Unaudited 341.87 149.01 45.45 (3,26) (0.19) 28.35 (1.04) 0.05 0.00 1.89 562.14 (134.22) 29.63 (31.51) (44.85) (20075) (5.12) 355.33 (23.07) 332.26 (6.59) 0.04 0.19 (233.32) (0003) (239.71) 195.78 (11.43) (0.00) (216.22) (51.93) (83.81) 8.75 14.23 22.97 22.74 0.23 22.97 For Alembic Pharmaceuticals Limited Rs. In Crores 413.22 138.80 30.97 (1.78) (0.74) 20.91 (2.48) 0.45 0.00 0.00 599.34 (323.75) (300.68) (72.00) 115.63 (14.30) 0.78 5.02 (52.21) (47.19) 0.00 (58.57) 0.09 0.74 (190.32) (5.00) (253.05) 559.96 (12.52) (1.42) (216.22) (35.83) 293.97 (6.27) 20.13 13.86 13.63 0.23 13.86 Chirayu Amin Chairman and CEO Visit us at www.alembicpharmaceuticals.com
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kkc & associates tIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) Independent Auditor’s Review Report on unaudited consolidated financial results for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 of Alembic Pharmaceuticals Limited under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Alembic Pharmaceuticals Limited Introduction 1. 2. Scope of Review 3. 4. Conclusion 5. Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone RoadJ Mumbai 4000132 India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 We have reviewed the accompanying statement of unaudited consolidated financial results of Atembic Pharmaceuticals Limited ('the Parent’ or 'the Company’) and its subsidiaries (the Parent and its subsidiaries together referred to as 'the Group’) and its share of the net profit/(loss) after tax and total comprehensive income/(loss) of it associate for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ('the Statement’), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations’). This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS’) 34 'Interim Financial Reporting’ prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE’) 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India ('the ICAl’). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applyinganalytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular Issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable. The Statement includes the interim financial results of entities mentioned in Annexure A. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the Listing Regulations, inctuding the manner in which it is to be disclosed, or that it contains any material misstatement. Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta RoadJ Fort1 Mumbai 4000012 India
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kkc & associates IIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) Other Matters 6. We did not review the interim financial result of 1 subsidiary included in the Statement, whose interim financial result, reflect total asset (before consolidation adjustment) of Rs.1515.59 crore as at 30 September 2025, reflect total revenue (before consolidation adjustment) of Rs.514.12 crore and Rs.1001.61 crore, total net profit/(loss) after tax (before consolidation adjustment) of Rs.13.36 crore and Rs.28.77 Crore, total comprehensive income/( loss) (before consolidation adjustment) of Rs.24.85 Crore and of Rs. 41.30 Crore, for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025 respectively, and cash inflows (net) (before consolidation adjustment) of Rs. 48.61 Crore for the period from 01 April 2025 to 30 September 2025 as considered in the Statement. This interim financial result has been reviewed by other auditor and their report, vide which they have issued an unmodified conclusion have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter. 7. The Statement includes the interim financial results of 3 subsidiaries which have not been reviewed by their auditors, whose financial results reflect total assets (before consolidation adjustment) of Rs. 404.22 crore as at 30 September 2025, reflect total revenue (before consolidation adjustment) of Rs. 244.68 Crore and Rs.ZH3.32 Crore, total net profit/(loss) (before consolidation adjustment) after tax of Rs. (8.06) Crore and Rs. (13.15) Crore, total comprehensive income/(loss) (before consolidation adjustment) of Rs. (6.93) Crore and Rs. (12.11) Crore for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025 respectively, and cash inflows (net) (before consolidation adjustment) of Rs. (6.45) Crore for the period from 01 April 2025 to 30 September 2025 as considered in the Statement. The Statement also includes the Group's share of net profit/(loss) after tax (before consolidation adjustment) of Rs. 0.91 Crore and Rs.0.36 Crore and total comprehensive income/(loss) (before consolidation adjustment) of Rs. 0.91 Crore and Rs. 0.36 Crore for the quarter ended 30 September 2025 and for the period from 01 September 2025 to 30 September 2025 respectively, as considered in the Statement, in respect of 1 associate, based on their interim financial information / financial results which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information / financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. 8. The Parent Company’s management has converted the interim financial results of 4 subsidiaries, which are located outside India, from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company's management. Our conclusion, in so far as it relates to the balances and affairs of these subsidiaries is based on the review report of such other auditor and Management certified interim financial results as referred in above paras and the conversion adjustments prepared by the management of the Parent Company and reviewed by us. Our conclusion on the statement is not modified in respect of this matter. Sunshine Tower? Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road1 Fort1 Mumbai 4000011 India
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kkc & associates tIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) 9. Attention is drawn to the fact that the unaudited consolidated financial results of the Company for the corresponding quarter ended 30 September 2024 and year to date results for the period from 01 April 2024 to 30 September 2024 and for the previous quarter ended 30 June 2025 were reviewed bY K C Mehta & Co LLP whose reports dated 07 November 2024 and 05 August 2025 respectively expressed an unmodified conclusion on those unaudited consolidated financial results. Further, the consolidated financial statements of the Company for the year ended 31 March 2025 were audited by K C Mehta & Co LLP whose report dated 06 MaY 2025 expressed an unmodified opinion on the said consolidated financial statements. Our conclusion is not modified in respect of above matters. For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/W100621 S KArts akamsey Partner ICAI Membership No: 044000 UDIN:290UUDQD BP\aKIn 1032 Place: Mumbai Date: 04 November 2025 Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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kkc & associates IIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) Annexu re A List of Entities :- Sr.No 3 1 The entity was dissolved on September 19, 2024 2The entity was dissolved on September 26, 2024 3 The entity has been acquired on July 02, 2025 4 The entity has been incorporated on March 19, 2025 5 Genius LLC is based out in Ukraine. The investment value in Genius LLC is already provided for by AGH during the F.Y.2022-2023. As at September 30,2025, Genius LLC does not have any asset/liability, and no transaction is entered during the quarter ended 30 September 2025 and year to date for the period 01 April 2025 to 30 September 2025. As per Intimation 06 December 2024 to BSE Limited and National Stock Exchange of India limited by Parent company, this company has been non-operation and is in the process of dissolution. 6 As per Intimation 06 December 2024 to BSE Limited and National Stock Exchange of India limited by Parent company, these company have been non-operation and is in the process of dissolution. 7 The financial results of this entity have not been received or prepared by the Alembic Global Holding SA and no further share of loss is required to be borne by the Group as the entire Equity capital and loan given to it is fully provided for in earlier year. As per intimation dated December 6, 2024 to BSE Limited and National Stock Exchange of India Limited by Parent Company, this Company has been non-operational and is in the process of dissolution Sunshine Tower, Level 19, Senapati Bapat Majl ETi=== T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Name of Entity Alembic Pharmaceuticals Limited Alembic Pharmaceutical Inc. Onkar Realty LLC 1 e Utility Therapeutics 3 r s LLC 4 Alembic Global Holding SA (AGH) Alembic Pharmaceuticals Australia Pty Ltd Alembic Pharmaceuticals Canada Ltd A[embic Pharmaceuticals Europe Limited Genius LLC 5 Alnova Pharmaceuticals SA 6 TicTwo Therapeutics Inc. Alembic Lifesciences Inc. Rhizen Pharmaceuticals AG Dahlia Therapeutics SA 6 h Alembic Mami SpA 7 SPH Sine Alembic (Shanghai) Technojogy Limited 8 Alembic Pharmaceuticals Chile Spa A[embic Pharmaceuticals S.A.de C.V. Fenix Research Labs Private Limited 9 Pharmaceutical Relation Parent Subsidia Step down Subsidiary Step down Subsidiary Step down Subsidiary Step down Subsidiary Subsidiary Step down Subsidiary Step down Subsidia Step down Subsidiary Step down Subsidia Step down Subsidia Step down Subsidiary Step down Subsidiary Associate ofAGH Associate as a subsidiary of Rhizen Pharmaceuticals AG Joint venture Joint Venture Subsidiary Subsidia Associate no a Chartered in Suite 52, Bombay Mutu,I B,ildi.g, Si, Phi„„h,h M,ht, R.,d, F.,t, M,mb,i 400001, 1,di,
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kkc & associates tIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) ' The joint venture agreement was entered into on May 72 2019. We are informed that the Group has invested Rs' 0'46 (.,ror£s and the operations have not started till September 30, 2025, and therefore, there are no transactions for thE quarter and year to date result for the period from 01 April 2025 to 30 September 2025 and accordingIYJ no share oF profit or loss has been consolidated in these interim financial results. This Joint Venture is in the process of product registration and will take due course of time for registration and commencement of operatlons 9 Formerly known as Incozen Therapeutics Private Limited. Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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kkc & associates IIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) Independent Auditor’s Review Report on unaudited standalone financial results for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ofAlembic Pharmaceuticals Limited under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Alembic Pharmaceuticals Limited Introduction 1. We have reviewed the accompanying statement of unaudited standalone financial results of Alembic Pharmaceuticals Limited ('the Company’) for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ('the Statement’), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations’). 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS’) 34 'Interim Financial Reporting’ specified in section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE’) 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’ issued by the Institute of Chartered Accountants of India ('the ICAl’). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company’s personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Conclusion 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Suite 52, Bombay Mutuat Building, Sir Phirozshah Mehta Road7 Fort1 Mumbai 4000011 India
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kkc & associates tIp Chartered Accountants (formerly Khimji Kunverji & Co LLP) nB Other Matters 5. Attention is drawn to the fact that the unaudited standalone financial results of the CompanY for the corresponding quarter ended 30 September 2024 and year to date results for the period from 01 April 2024 to 30 September 2024 and for the previous quarter ended 30 June 2025 were reviewed bY K C Mehta ,?„CR LLP whose reports dated 07 November 2024 and 05 August 2025 respectiveIY expressed an unmodified, cont. lusion on those unaudited standalone financial results. Further, the standalone financial statements of the Company for the year ended 31 March 2025 were audited bY K C Mehta & Co LLP whose report dated 06 May 2025 expressed an unmodified opinion on the said standalone financial statements Our Conclusion is not modified in respect of above matters. For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 1051461 'lO0621 sq K\etan S Vikamsey Partner ICAI Membership No: 044000 UDIN:2SOhhODDBP'IOKI LIZ gq Place: Mumbai Date: 04 November 2025 Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN:AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India