BSECompany Update3 Nov 2026 · 3 Nov 2026, 08:01 pm
Press Release - Unaudited Financial Results for the quarter and half year ended September 30, 2026.
Evonile Pharma Ltd · 500672
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Evonile Pharma Ltd, a leading domestic branded pharmaceuticals company, announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company recorded revenue from operations of ₹56.1 crore in Q2 FY27 and ₹159.9 crore in H1 FY27. However, the operating EBITDA stood at -₹31.8 crore in Q2 FY27 and Profit after Tax at -₹45.3 crore in H1 FY27 due to one-time transition costs and upfront investment in the organisational build-out.
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Evonile Pharma Ltd - 500672 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Evonile Pharma Limited
(formerly known as Novartis India Limited)
November 03, 2026
The Secretary,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 500672
Subject: Press Release – Unaudited Financial Results for the quarter and half year ended
September 30, 2026
Dear Sir/Madam,
Further to our letter of today’s date on the outcome of the Board Meeting, and pursuant to Regulation
30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find
enclosed the press release the Company proposes to issue on the unaudited financial results for the
quarter and half year ended September 30, 2026.
The press release will also be hosted on the website of the Company at www.evonilepharma.com
Kindly take the same on record.
Thank you,
Yours faithfully,
For Evonile Pharma Limited
(formerly known as Novartis India Limited)
Chandni Maru
Company Secretary and Compliance Officer
Membership No. ACS 60291
Registered Office: Inspire BKC, 7th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India.
CIN: L24200MH1947PLC006104 | Tel: +91 22 50243000
Email: investor.relations@evonilepharma.com | Website: www.evonilepharma.com
Evonile Pharma Limited
(formerly known as Novartis India Limited)
PRESS RELEASE
Evonile Pharma (formerly Novartis India Limited) announces its first results after change of
control
Builds an independent distribution and commercial platform; strengthens portfolio with
acquisition of Minipress XL and entry into ophthalmology in India
Mumbai, India; November 3, 2026: Evonile Pharma Limited (formerly known as Novartis India
Limited) (BSE: 500672), a leading Domestic branded pharmaceuticals company with a legacy of
nearly 80 years, today announced its unaudited financial results for the quarter and half year ended
September 30, 2026.
Q2 FY27 was a defining quarter in the Company’s history as ChrysCapital, one of India’s leading
private equity investors, acquired a controlling 70.68% stake in the Company. The transaction brings
one of India's longstanding pharmaceutical businesses under dedicated private equity ownership,
with the ambition to build a leading branded-generics platform for the Indian market.
Within two months of the change in control, Evonile Pharma has moved from a single-customer
business model to marketing its brands with its own distribution network, field force and operating
systems. At the same time, it has expanded into two attractive therapy areas, cardiology and
ophthalmology, giving the business a broader and stronger base for the years ahead.
Dr. Vikas Gupta, MD & CEO, Evonile Pharma Limited (formerly Novartis India Limited), said:
“Following the transition from Novartis AG, Evonile Pharma has made significant progress in just
a few months. Establishing our new business model requires an entirely new organisational
foundation, and we have made considerable headway in putting the key building blocks in place.
These efforts will position Evonile to emerge as one of India's progressive and forward-looking
domestic pharmaceutical companies.
During the quarter, we completed two strategic transactions: the acquisition of Minipress XL and
an ophthalmology in-licensing agreement. Both are important steps in strengthening our
portfolio, expanding our presence in key therapeutic areas and creating new platforms for
sustainable growth.
In H2 FY27, our priorities will be to complete the organisational build-out, establish an
appropriate cost structure and bring together a strong team to lead Evonile's next phase of
growth. While we are still at an early stage of this journey, the progress made so far gives us
confidence. We are focused on building a robust organisation with the right capabilities, talent
and ambition to unlock Evonile's full potential.”
FINANCIAL PERFORMANCE
Evonile Pharma recorded revenue from operations of ₹56.1 crore in Q2 FY27. Operating EBITDA
(Earnings before Interest, Depreciation and Taxes) stood at -₹31.8 crore, reflecting one-time
transition costs and upfront investment in the organisational build-out. For H1 FY27, revenue from
operations stood at ₹159.9 crore and Profit after Tax at -₹45.3 crore. Results are not comparable
with the previous year owing to the change in control and the change in business model.
Registered Office: Inspire BKC, 7th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India.
CIN: L24200MH1947PLC006104 | Tel: +91 22 50243000
Email: investor.relations@evonilepharma.com | Website: www.evonilepharma.com
Evonile Pharma Limited
(formerly known as Novartis India Limited)
ABOUT EVONILE PHARMA
Evonile Pharma Limited (formerly known as Novartis India Limited) (BSE: 500672) is a 100% India-
focused branded pharmaceuticals company with a legacy of over 79 years. Its flagship brands,
Voveran, Methergin, Calcium-Sandoz, Tegrital and Myfortic, hold #1 positions in their covered
markets across pain management, gynaecology, wellness, neuroscience and transplant. Through the
acquisition of Minipress XL and the in-licensing of a retina portfolio, the Company has added
cardiology and ophthalmology. It runs an asset-light model and takes its portfolio to market through
its own therapy-aligned field force and distribution network. ChrysCapital Group holds 70.68% of the
Company.
For more details on Evonile Pharma, please visit www.evonilepharma.com
Investor Contact
investor.relations@evonilepharma.com
Registered Office: Inspire BKC, 7th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India.
CIN: L24200MH1947PLC006104 | Tel: +91 22 50243000
Email: investor.relations@evonilepharma.com | Website: www.evonilepharma.com