Concord Biotech Ltd.NSE: CONCORDBIO

CONCORDBIO: Q2FY25 revenue rose 18% year-over-year, driven by a 125% increase in formulation sales

· Issued by Concord Biotech Ltd.

Q2FY25 saw 18% revenue growth year-over-year, with EBITDA and PAT up 15% and 18% respectively, led by a 125% surge in formulation revenue. Gross margins declined, but strong cash flow and equity growth support ongoing expansion and new product launches.

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