| Scrip Code | 531349 |
|---|---|
| NSE Symbol | PANACEABIO |
| MSEI Symbol | NOTLISTED |
| ISIN | INE922B01023 |
| Name of company | Panacea Biotec Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 11-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 02-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 11-02-2026 15:30:00 |
| End date and time of board meeting | 11-02-2026 18:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 16,519.00 | 47,302.00 | |
| Other income | 228.00 | 1,435.00 | |
| Total income | 16,747.00 | 48,737.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 9,017.00 | 20,946.00 |
| (b) | Purchases of stock-in-trade | 238.00 | 630.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (2,462.00) | (1,167.00) |
| (d) | Employee benefit expense | 4,053.00 | 13,396.00 |
| (e) | Finance costs | 185.00 | 485.00 |
| (f) | Depreciation, depletion and amortisation expense | 845.00 | 2,518.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 4,499.00 | 14,220.00 |
| Total other expenses | 4,499.00 | 14,220.00 | |
| Total expenses | 16,375.00 | 51,028.00 | |
| 3 | Total profit before exceptional items and tax | 372.00 | (2,291.00) |
| 4 | Exceptional items | 277.00 | 1,679.00 |
| 5 | Total profit before tax | 649.00 | (612.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 5.00 | 8.00 |
| 8 | Deferred tax | 255.00 | (4.00) |
| 9 | Total tax expenses | 260.00 | 4.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 389.00 | (616.00) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 389.00 | (616.00) |
| 17 | Other comprehensive income net of taxes | 46.00 | 43.00 |
| 18 | Total Comprehensive Income for the period | 435.00 | (573.00) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 398.00 | (589.00) | |
| Total profit or loss, attributable to non-controlling interests | (9.00) | (27.00) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 444.00 | (546.00) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (9.00) | (27.00) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 613.00 | 613.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.65 | -0.97 | |
| Diluted earnings (loss) per share from continuing operations | 0.65 | -0.97 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.65 | -0.97 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.65 | -0.97 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes: 1. The financial results for the quarter and nine months ended December 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on February 11, 2026, and have been reviewed by the statutory auditors of the Company. 2. The financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) notified under the Companies (Indian Accounting Standards) Rule, 2015, as amended from time to time, specified under section 133 of the Companies Act, 2013. 3. The consolidated financial results of the Company have been prepared by consolidating the reviewed financial results of the Company and its material subsidiary for the respective periods, with the management approved financial results of other wholly owned subsidiaries (“WOS”) and the Enterprises over which the Company exercises control (the Company, these subsidiaries and the enterprises hereinafter collectively referred to as “the Group”): (i) Indian WOS: Panacea Biotec Pharma Limited (“PBPL”) (material subsidiary) and Meyten Realtech Private Limited; (ii) Overseas WOS: Panacea Biotec (International) S.A. (“PBS”), Panacea Biotec Germany GmbH (WOS through PBS) and Panacea Biotec Inc. (WOS through PBPL); and (iii) Enterprises over which the Company exercises control*: PanEra Biotec Private Limited and Adveta Power Private Limited. *considered as a subsidiary for the purpose of consolidation as per Ind AS 110 4. For the nine months ended December 31, 2025, the Company has incurred loss (before tax and exceptional items) of Rs.3,924 Lakh (nine months ended December 31,2024: loss of Rs.403 Lakh) and the Group has incurred a loss (before tax and exceptional items) of Rs. 2,291 Lakh (nine months ended December 31, 2024: loss of Rs.1,619 Lakh). The surplus funds remaining with the Group out of the sales of pharmaceutical formulations brands in India and Nepal in March 2022 have helped in strengthening the working capital position, setting up new facilities for enhancement of capacities for manufacturing of vaccines drug substance, scaling up its nutrition and pharmaceutical formulations business and pursuing other business opportunities. The Company has already received higher long-term business orders for vaccines from key institutional customers. Based on these measures and continuous efforts to improve the business performance, the management has prepared the financial results on a going concern basis. 5. During the nine months ended December 31, 2025, the Group has recognised an exceptional income of Rs. 1,679 Lakh under the “Exceptional Item” in the consolidated statement of profit and loss, which includes: (i) revenue of Rs. 858 Lakh (nine months ended December 31, 2024: Nil), pursuant to the settlement agreement dated July 9, 2025 executed with Apotex Inc., USA (“Apotex”) to settle the ongoing dispute between Apotex and the Company & PBPL; and (ii) revenue of Rs. 821 Lakh (nine months ended December 31, 2024: Rs. 828 lakh), out of the remaining deferred consideration of Rs. 2,111 Lakh as at March 31, 2025, from sale of domestic pharmaceutical brands of PBPL. The balance deferred consideration of Rs. 1,290 Lakh (December 30, 2024: Rs. 4,882 Lakh) would be recognised in subsequent quarters / years and is shown as Contract Liability in the consolidated financial statements of the Group. 6. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (‘Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee benefit during employment and post-employment. The Labour Codes, amongst other things, introduces changes, including a uniform definition of wages. The incremental impact of these changes, assessed by the Company / Group, on the basis of the information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, has been accounted for accordingly. Once Central / State Rules are notified by the Government on all aspects of the Codes, the Company / Group will evaluate additional impact, if any, on the measurement of employee benefits and would provide appropriate accounting effect. |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Vaccines | 9,924.00 | 30,230.00 | ||||
| 2 | Formulations | 6,595.00 | 17,072.00 | ||||
| Total Segment Revenue | 16,519.00 | 47,302.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 16,519.00 | 47,302.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Vaccines | (257.00) | (2,339.00) | ||||
| 2 | Formulations | 906.00 | 1,727.00 | ||||
| Total Profit before tax | 649.00 | (612.00) | |||||
| i. Finance cost | 0.00 | 0.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 649.00 | (612.00) | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Vaccines | 89,686.00 | 89,686.00 | ||||
| 2 | Formulations | 40,340.00 | 40,340.00 | ||||
| Total Segment Asset | 1,30,026.00 | 1,30,026.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 1,30,026.00 | 1,30,026.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Vaccines | 33,537.00 | 33,537.00 | ||||
| 2 | Formulations | 13,682.00 | 13,682.00 | ||||
| Total Segment Liabilities | 47,219.00 | 47,219.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 47,219.00 | 47,219.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | 7. The Company publishes standalone financial results along with consolidated financial results. In accordance with Ind AS 108 ‘Operating Segments’, the management has disclosed the segment information in the consolidated financial results of the Group for the nine months ended December 31, 2025. 8. The necessary certificate / report in respect of the above results in terms of the requirements of Regulation 33 of the SEBI (Listing Obligations and Other Disclosure Requirements) Regulations, 2015, has been placed before the Board of Directors. 9. Previous period amounts have been regrouped / reclassified in compliance with Ind-AS to make them comparable with those of current period / year. 10. ‘0’ under “Rs. in Lakh” represents an amount less than Rs.50,000. Further, the figures shown in the tables may not exactly add up due to rounding off. 11. The above results are also available on the Company’s website https://www.panaceabiotec.com |
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| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to Profit or loss | 61.00 | 57.00 |
| Total Amount of items that will not be reclassified to profit and loss | 61.00 | 57.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 15.00 | 14.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 46.00 | 43.00 |