US FDA Then Piramal Pharma shares the focus after giving six observations for Mumbai facility

Piramal Pharma Shares will be focused on Wednesday after the US FDA announced a good manufacturing practice (GMP) observed at its turb, Navi Mumbai facility on February 11-17, 2025. The inspection ended with a form issue of 483, with six observations.

In the regulatory filing, Piramal Pharma said that observations are mainly related to procedural improvements and are not linked to data integrity. The company is preparing a detailed response and plans to submit it within the stipulated timeframe.

“Observations are most related to the improvement of action and transaction, and not with data integrity,” said Pirmal Pharma. The company is preparing a detailed response to the above observations, which will be submitted to the agency in a fixed deadline. The company confirmed its commitment to maintain high compliance standards and expressed confidence in addressing observations effectively.

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Piramal Pharma Q3 Earnings

Piramal Pharma spent Rs 10 crore in the same quarter last year. A net profit of Rs 4 crore was registered. Revenue from operations has increased to 2,204 crore annually in Q3FY25. EBITD has increased by 6% to Rs. 350 crore, while EBITDA margin has dropped 100 basis points to 16%.

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Pirmal Pharma Share Target Price

According to Trendlin data, the average target price of the stock is Rs 306, which indicates 55% from the current market price. The consensus recommendation of 7 analysts for stock is a ‘strong purchase’.

Piramal Pharma shares display

On Tuesday, Piramal Pharma’s shares closed down 1.1% on BSE, down 197.1%, while the benchmark Sensex fell 0.04%. In the last three months, the stock has dropped 22% but has increased 47% in the last 12 months. The company has a market capitalization of Rs 26,203 crore.

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