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Marksans Pharma Ltd. Earnings Release 2026
62142_rns_2026-06-26_eb4bcd01-d036-4174-94bf-eaba9c96d214.pdf
Earnings Release
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M
Marksans Pharma Ltd.
Date: June 26, 2026
BSE Limited
Corporate Relation Department
Phiroze Jeejeebhoi Towers,
Dalal Street,
Mumbai - 400001.
Scrip Code: 524404
National Stock Exchange of India Limited
Listing Department
Exchange Plaza, C-1, Block-G,
Bandra-Kurla Complex,
Bandra (East), Mumbai - 400051.
Symbol: MARKSANS
Sub: Update – Machine Readable/Legible copy of Financial Results
Dear Sir/Madam,
This is in reference to email dated June 24, 2026 received from the NSE, informing the Company that it has submitted the financial results for the quarter and year ended March 31, 2026, on May 26, 2026, which is not in Machine Readable Form / Legible copy.
Thus, in continuation of the submission made by the Company on May 26, 2026 titled – ‘Outcome of the Board Meeting’, the Company is hereby submitting the Machine Readable Form / Legible copy of the financial results for the quarter and year ended March 31, 2026.
Please note that the oversight was unintentional. The Company will ensure that such an occurrence is prevented in the future.
We request you to note the aforesaid in your records.
Thanking You,
Yours faithfully,
For Marksans Pharma Limited
H
PANIGRAHI
Digitally signed
by H PANIGRAHI
Date: 2026.06.26
12:20:36 +05'30'
Harshavardhan Panigrahi
Company Secretary
Enclosed as above
Marksans Pharma Ltd.
11th Floor, "GRANDEUR", Opp. Gundecha Symphony, Veera Desai Extension Road, Oshiwara, Andheri (W), Mumbai - 400 053 Tel.: +91 22 4001 2000
E-mail: [email protected]
www.marksanspharma.com
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
HO
602, Floor 6, Raheja Titanium
Western Express Highway, Geetanjali
Railway Colony, Ram Nagar, Goregaon (E)
Mumbai 400063, INDIA
Tel: +91 22 6974 0200
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Marksans Pharma Limited
Report on the Audit of the Standalone Annual Financial Results
Opinion
We have audited the accompanying standalone annual financial results of Marksans Pharma Limited (hereinafter referred to as 'the Company') for the year ended March 31, 2026, ('the Statement'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
In our opinion and to the best of our information and according to the explanations given to us the aforesaid Statement:
(i) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(ii) gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ('the Act'), read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the standalone financial results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Management's and Board of Directors' Responsibilities for the Standalone Financial Results
This Statement has been prepared on the basis of the standalone annual financial statements. The Company's Management and Board of Directors are responsible for the preparation and presentation of this Statement that gives a true and fair view of the net profit, and other comprehensive income and
1976
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kechi | Kolkata | Pune www.mska.in
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 69740200 | LLPIN: ACT-3789
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
other financial information in accordance with the recognition and measurement principles laid down in the applicable Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India and is in compliance with the Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of userstaken on the basis of this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.
A
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 2269740200 | LLPIN: ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For M SK A & Associates LLP (Formerly known as M SK A & Associates)
Chartered Accountants
ICAI Firm Registration No.105047W/W101187
Nitin Tiwari
Partner
Membership No.: 118894
UDIN: 261 8894IwNQ GT5934
Place: Mumbai
Date: May 26, 2026
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 69740200 | LLPN: ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai Coimbatore | Goa | Gurugram | Hyderabad | Kethi | Kolkata | Mumbai | Pune www.mska.in
MARKSANS PHARMA LIMITED
CIN: L24110MH1992PLC066364
Registered Office: 11th Floor, Grandeur, Veera Cesal Extension Road, Oshiwara, Andherl [West], Mumbai-400053
Telephone No.: 022-4001 2000, Website: www.marksanspharma.com, E-mail: [email protected]
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
In million except per equity share data!
| Sr. No. | PARTICULARS | QUARTER ENDED | YEAR ENDED | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | ||
| (AUDITED) /Refer Note 21 | (UNAUDITED) | (AUDITED) /Refer Note 21 | (AUDITED) | (AUDITED) | ||
| 1 | Revenue from operations | 3,615.73 | 3,397.29 | 2,993.57 | 13,414.76 | 11,743.74 |
| 2 | Other income, net (Refer note 4) | 274.75 | 158.58 | 66.36 | 1,035.33 | 657.87 |
| 3 | Total Income (1+2) | 3,890.48 | 3,555.87 | 3,059.93 | 1,4450.09 | 12,401.61 |
| Expenses | ||||||
| A | Cost of materials consumed | 1,594.82 | 1,510.03 | 1,450.60 | 6,024.27 | 5,371.77 |
| B | Purchase of stock-in-trade | 132.59 | 160.19 | 167.68 | 730.62 | 1,020.61 |
| C | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 25.84 | 61.76 | 23.00 | 32.95 | 6.98 |
| D | Employee benefits expense (Refer note 6) | 329.15 | 327.04 | 288.18 | 1,219.77 | 1,016.78 |
| E | Finance costs | 3.53 | 3.57 | 3.11 | 13.27 | 11.74 |
| F | Depreciation and amortisation expense | 87.56 | 88.30 | 81.77 | 342.30 | 294.52 |
| G | Other expenses | 473.41 | 583.82 | 546.56 | 2,171.48 | 2,246.62 |
| 4 | Total Expenses | 2,646.90 | 2,734.71 | 2,560.90 | 10,534.66 | 9,969.02 |
| 5 | Profit Before Tax (3-4) | 1,243.58 | 821.16 | 499.03 | 3,915.43 | 2,432.59 |
| Tax Expense: | ||||||
| (a) Current tax | 301.08 | 196.69 | 115.58 | 851.21 | 513.83 | |
| (b) Current tax for earlier period | - | 11.70 | - | 11.70 | 7.61 | |
| (c) Deferred tax | 23.27 | 3.65 | 7.54 | 45.54 | 28.43 | |
| 6 | Total Tax Expense | 324.35 | 212.04 | 123.12 | 908.45 | 549.87 |
| 7 | Profit After Tax (5-6) | 919.23 | 609.12 | 376.91 | 3,006.98 | 1,882.72 |
| Other Comprehensive Income | ||||||
| Items that will not be reclassified to profit or loss | ||||||
| Remeasurements of the net defined benefit plans | 3.44 | 12.48 | (6.86) | 13.91 | (4.02) | |
| Tax on above | 0.87 | 0.14 | 1.73 | (3.50) | 1.01 | |
| 8 | Other Comprehensive Income | 2.57 | 9.34 | 15.13 | 10.41 | 0.01 |
| 9 | Total Comprehensive Income (7+8) | 921.80 | 618.46 | 370.78 | 3,017.39 | 1,879.71 |
| 10 | Paid up Equity Share Capital (face value ₹1 each fully paid) | 453.16 | 453.16 | 453.16 | 453.16 | 453.16 |
| 11 | Other equity | 16,069.94 | 13,381.70 | |||
| 12 | Earnings per equity share of ₹1 each" | |||||
| Basic | 2.03 | 1.34 | 0.83 | 6.64 | 4.15 | |
| Diluted | 2.03 | 1.34 | 0.83 | 6.63 | 4.15 |
*EPS is not annualised for the quarter ended 31 March 2026, 31 December 2025 and 31 March 2025
MARKSANS PHARMA LIMITED
STANDALONE AUDITED STATEMENT OF ASSETS AND LIABILITIES
(₹ in million)
| Particulars | As at 31 Mar 2026 (AUDITED) | As at 31 Mar 2025 (AUDITED) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 3,686.75 | 3,535.94 |
| Right of use assets | 275.23 | 273.03 |
| Other intangible assets | 17.59 | 24.74 |
| Financial assets | ||
| Investments | 2,672.13 | 2,657.53 |
| Other financial assets | 11.46 | 10.84 |
| Other non-current assets | 175.54 | 217.60 |
| Non Current tax assets (net) | 10.81 | 11.11 |
| Total non-current assets | 6,849.51 | 6,730.79 |
| Current assets | ||
| Inventories | 1,891.30 | 2,052.10 |
| Financial Assets | ||
| Investments | - | 7.42 |
| Trade receivables | 6,234.62 | 5,495.81 |
| Cash and cash equivalents | 912.50 | 602.68 |
| Bank balances other than above | 3,555.15 | 2,084.23 |
| Other financial assets | 33.33 | 22.91 |
| Other current assets | 463.88 | 557.08 |
| Total current assets | 13,090.78 | 10,822.23 |
| TOTAL ASSETS | 19,940.29 | 17,553.02 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Equity share capital | 453.16 | 453.16 |
| Other equity | 16,069.94 | 13,381.70 |
| Total equity | 16,523.10 | 13,834.86 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 87.21 | 82.58 |
| Provisions | 56.91 | 57.70 |
| Deferred tax liabilities (net) | 170.57 | 121.53 |
| Total non current liabilities | 314.69 | 261.81 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 34.08 | 25.84 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 20.12 | 36.33 |
| Total outstanding dues of other than micro enterprises and small enterprises | 1,788.01 | 1,999.01 |
| Other financial liabilities | 252.91 | 191.99 |
| Other current liabilities | 769.06 | 1,083.45 |
| Provisions | 3.18 | 14.47 |
| Current tax liabilities (net) | 235.14 | 105.26 |
| Total current liabilities | 3,102.50 | 3,456.35 |
| Total liabilities | 3,417.19 | 3,718.16 |
| TOTAL EQUITY AND LIABILITIES | 19,940.29 | 17,553.02 |
MUMBAI-53
MARKSANS PHARMA LIMITED
AUDITED STANDALONE STATEMENT OF CASH FLOW
(₹ in million)
| Particulars | For the year ended
31 Mar 2026
(Audited) | For the year ended
31 Mar 2025
(Audited) |
| --- | --- | --- |
| A. | Cash flow from operating activities | | |
| Profit before tax | 3,915.43 | 2,432.59 |
| Adjustments to reconcile profit before tax to net cash provided by operating activities | | |
| -Depreciation and amortisation expenses | 342.30 | 294.52 |
| - Unrealised exchange differences on translation of assets and liabilities, net | (223.73) | (48.77) |
| -Loss on sale of property, plant and equipment, net | 0.64 | 0.33 |
| -Gain on redemption of mutual fund investments | (12.27) | (6.94) |
| - Finance costs | 13.27 | 11.74 |
| - Employee Share based compensation expenses | 18.78 | - |
| - Dividend income from a subsidiary | (386.16) | (263.69) |
| - Interest income | (157.53) | (182.16) |
| - Loss arising on financial instruments measured at FVTPL, net | 29.25 | 40.06 |
| - Loss on lease termination | 0.17 | - |
| - Allowance for credit losses on trade receivables (Including bad debts) | 128.65 | 79.04 |
| Operating profit before working capital changes | 3,668.80 | 2,356.72 |
| Changes in working capital: | | |
| Inventories | 160.80 | (143.61) |
| Trade receivables | (631.18) | (1,826.86) |
| Non-current/current financial and other assets | 94.78 | (149.n) |
| Non-current/current financial and other liabilities/provisions/trade payables | (452.27) | 539.05 |
| Cash generated from operations | 2,840.93 | 775.58 |
| Income taxes paid (net) | (730.07) | (465.40) |
| Net cash generated from operating activities (A) | 2,110.86 | 310.18 |
| B. | Cash flow from investing activities: | | |
| Payments to acquire property, plant and equipment and intangible assets | (487.77) | (1,199.10) |
| Proceeds from sale of property, plant and equipment | 5.12 | 1.01 |
| (Investment) / Proceeds from deposits (net) | (1,469.34) | 618.77 |
| Purchase of mutual fund Investments | (1,490.00) | - |
| Proceeds from sale of mutual fund investments | 1,509.69 | 269.87 |
| Dividend income from a subsidiary | 386.16 | 263.69 |
| Interest received | 143.22 | 218.16 |
| Net Cash (used in) / generated from Investing activities (8) | (1,402.92) | 172.40 |
| C. | Cash flow from financing activities: | | |
| Dividend paid | (362.53) | (271.90) |
| Payment of principal portion of lease liabilities (including interest on lease liabilities) | (29.80) | (27.29) |
| Net Cash used in financing activities (C) | (392.33) | (299.19) |
| Net increase In cash and cash equivalents (A+B+C) | 315.61 | 183.39 |
| Cash and cash equivalents at the beginning of the year | 602.68 | 419.29 |
| Effect of exchange differences on translation of foreign currency cash and cash equivalents | (5.79) | # |
| Cash and cash equivalents at the end of the year | 912.50 | 602.68 |
Notes:
1. # Amount below rounding off criteria
2. The above Cash Flow Statement is prepared under the "Indirect Method" as set out in Ind AS 7, 'Statement of Cash Flows'.
3. Amounts in bracket represent cash outflow.
P
MARKSANS PHARMA LIMITED
NOTES TO AUDITED STANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
The audited standalone annual financial results for the year ended 31 March 2026 has been prepared on the basis of the standaLone annual financial statements in accordance with the Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules 2015 (as amended) specified under section 133 of the Companies Act, 2013 and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation'), as amended were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on 26 May 2026. The Statutory Auditors of the Company have expressed an unmodified opinion on the audited standaLone financial results for the year ended 31 March 2026.
2 The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of full financial year and the unaudited published year-to-date figures up to 31 December for respective years which were subject to limited review.
3 The Company has a single business segment namely 'Pharmaceuticals' as per Ind AS 108 on 'Operating Segments'.
4 Other income (net) includes the following net foreign exchange gain/(loss), including forward contracts: (₹ in million)
| Description | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | |
| (AUDITED) | |||||
| (Refer Note 2) | (UNAUDITED) | (AUDITED) | |||
| (Refer Note 2) | (AUDITED) | (AUDITED) | |||
| Net Exchange Gain/ (Loss) | 219.14 | 117.75 | 25.80 | 474.26 | 194.80 |
5 During the year, the Board of Directors and Shareholders of the Company had approved the Marksans EmpLoyees Stock Option Scheme 2024 ("Scheme") for the employees of the Company and its subsidiary companies comprising of equity shares of the Company, not exceeding 2,300,000 equity share of face value of ₹ 1/- each. Under the said Scheme, the Company has granted 400,000 equity stock options of face value of ₹ 1/- each on 24 September 2025 to the eligible employees of the Company and its Subsidiary companies.
6 Effective 21 November 2025, the Government of India consolidated 29 existing labour regulations into four Labour Codes, namely 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 (collectively referred to as the "New Labour Codes"). The Implementation of the New Labour Codes resulted in an increase in provision for employee benefits on account of recognition of past service cost. In accordance with the requirements of the New Labour Codes and the applicable accounting standards, the Company initially assessed and recognised an incremental impact of ₹ 28.10 million during the quarter ended 31 December 2025. During the quarter ended 31 March 2026, the Company revised its salary structure to align with the requirements of the New Labour Codes and reassessed the related impact. Consequently, ₹ 2.01 million of the amount additionally recognised earlier was reversed. Accordingly, the net impact of ₹ 26.09 million has been recognised as Employee Benefits Expense in the audited standalone financial results for the year ended 31 March 2026.
7 During the quarter and year ended 31 March 2026, Company has formed and incorporated two new wholly owned subsidiaries, viz. Marksans Pharma (Europe) Limited in Ireland and Marksans (Canada) Inc. in Canada on 16 January 2026 and 22 January 2026 respectively.
8 The Board of Directors in the meeting held on 26 May 2026 have recommended final dividend of ₹ 0.90 per equity share of ₹1/- each (90%) for the Financial Year 2025-26.
9 The above standaLone audited annual financials results are available on the Company's website (www.marksanspharma.com) and stock exchanges websites, BSE (www.bseindia.com) and NSE (www.eindia.com), where the shares of the Company are listed.
Chairman & Managing Director
DIN: 00020983
Date: 26 May 2026
Place: Mumbai
www.marksanspharma.com
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
HO
602, Floor 6, Raheja Titanium
Western Express Highway, Geetanjali
Railway Colony, Ram Nagar, Goregaon (E)
Mumbai 400063, INDIA
Tel: +91 22 6974 0200
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Marksans Pharma Limited
Report on the Audit of the Consolidated Annual Financial Results
Opinion
We have audited the accompanying consolidated annual financial results of Marksans Pharma Limited (hereinafter referred to as the ‘Holding Company’) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), for the year ended March 31, 2026, (‘the Statement’) attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, the aforesaid Statement:
- includes the annual financial results of the Holding Company and the following entities:
| Sr. No | Name of the Entity | Relationship with the Holding Company |
|---|---|---|
| 1 | Marksans Pharma (UK) Limited | Wholly owned subsidiary |
| 2 | Relonchem Limited | Wholly owned subsidiary of Marksans Pharma (UK) Limited |
| 3 | Marksans Holdings Limited | Wholly owned subsidiary of Marksans Pharma (UK) Limited |
| 4 | Bell, Sons and Co. (Druggists) Limited | Wholly owned subsidiary of Marksans Holdings Limited |
| 5 | Marksans Pharma Inc. | Wholly owned subsidiary |
| 6 | Time-Cap Laboratories Inc. | Wholly owned subsidiary of Marksans Pharma Inc. |
| 7 | Marise Ann Inc. | Wholly owned subsidiary of Marksans Pharma Inc. |
| B | Custom Coating Inc. | Wholly owned subsidiary of Time-Cap Laboratories Inc. |
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 6974 0200 | | | PIN: ACT-3789
Ahmedabad | Bengaluru | Chandgarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Pune www.mska.in
MS KA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
| Sr. No | Name of the Entity | Relationship with the Holding Company |
|---|---|---|
| 9 | Marksans Realty LLC | Wholly owned subsidiary of Time-Cap Laboratories Inc. |
| 10 | Nova Pharmaceuticals Australasia Pty Ltd | Subsidiary (60% Holding) |
| 11 | Nova Pharmaceuticals Limited | Wholly owned subsidiary of Nova Pharmaceuticals Australasia Pty Ltd |
| 12 | Access Healthcare for Medical Products L.L.C | Wholly owned subsidiary |
| 13 | Marksans Pharma GmbH | Wholly owned subsidiary |
| 14 | Marksans Pharma (Europe) Limited | Wholly owned subsidiary (w.e.f. January 16, 2026) |
| 15 | Marksans (Canada) Inc | Wholly owned subsidiary (w.e.f. January 22, 2026) |
ii. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ('the Act'), read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India, of the consolidated net profit, and consolidated other comprehensive income and other financial information of the Group, for the year ended March 31,2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ('SAs') specified under section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the consolidated financial results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
A
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 2269740200 | LLPIN: ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
Management's and Board of Directors' Responsibilities for the Consolidated Financial Results
This Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Management and Board of Directors are responsible for the preparation and presentation of this Statement that gives a true and fair view of the consolidated net profit, and consolidated other comprehensive income and other financial information of the Group, in accordance with the recognition and measurement principles laid down in the applicable Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended and other accounting principles generally accepted in India and is in compliance with the Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Management and Board of Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of are responsible for overseeing the financial reporting process of each company.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of userstaken on the basis of this Statement.
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 6974 0200 | LLP|N:ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to consolidated financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 6974 0200 | LLP/N: ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
MSKA & Associates LLP
(Formerly known as M S K A & Associates)
Chartered Accountants
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters:
The Statement includes the audited financial statements of 12 subsidiaries whose financial statements (before consolidation adjustments) reflect Group's share of total assets of Rs. 28,791.63 million as at March 31, 2026, Group's share of total revenue of Rs. 28,167.72 million, Group's share of net profit after tax of Rs. 1,833.17 million, total comprehensive income of Rs. 1,833.17 million for the period from April 01, 2025 to March 31, 2026 and Group's net cash inflow of Rs. 1,073.68 million for the year ended on that date respectively, as considered in the Statement, which have been audited by the other auditors. The other auditors reports on the financial statements of these entities have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of such other auditors and the procedures performed by us are as stated in paragraph above.
The above subsidiaries are located outside India whose financial statements have been prepared in accordance with the accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's Management has converted the financial statements of such subsidiaries, located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India.
We have audited these conversion adjustments made by the Holding Company's Management. Our opinion on the Statement, in so far as it relates to the balances and affairs of such subsidiaries, located outside India is based on the report of other auditors and the conversion adjustments prepared by the Management of the Holding Company and audited by us.
The Statement includes the unaudited financial information of 3 subsidiaries whose financial information reflect Group's share of total assets of Rs. Nil as at March 31, 2026, Group's share of total revenue of Rs. Nil, Group's share of net profit after tax of Rs. Nil, Group's share of total comprehensive income of Rs. Nil and Group's net cash inflow of Rs. Nil for the year ended on that date respectively, as considered in the Statement. These unaudited financial information have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on such unaudited financial information. In our opinion and according to the information and explanations given to us by the Management, these financial information are not material to the Group.
1976 ASSEMBLY OF THE CITY AND COUNTY OF MADHYA
Ahmedabad | Bengaluru | Chandgarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 6974 0200 | LLPIN: ACT-3789
MSKA & Associates LLP
(Formerly known as M 5 K A & Associates)
Chartered Accountants
Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Board of Directors.
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For M S K A & Associates LLP (Formerly known as M S K A & Associates)
Chartered Accountants
ICAI Firm Registration No.105047W/W101187
Nitin Tiwari
Partner
Membership No.: 118894
UDIN: 2618894JNDBCA8253
Place: Mumbai
Date: May 26, 2026
Registered Office: 602, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai-400063, Maharashtra, India
Tel: +91 22 69740200 | LLPIN ACT-3789
Ahmedabad | Bengaluru | Chandigarh | Chennai | Coimbatore | Goa | Gurugram | Hyderabad | Kochi | Kolkata | Mumbai | Pune www.mska.in
MARKSANS PHARMA LIMITED
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
| Sr. No. | PARTICULARS | QUARTER ENDED | YEAR ENDED | |||
|---|---|---|---|---|---|---|
| 31 Mar 2026 (AUDITED) (Refer Note 2) | 31 Dec 2025 (UNAUDITED) | 31 Mar 2026 (AUDITED) (Refer Note 2) | 31 Mar 2026 (AUDITED) | 31 Mar 2026 (AUDITED) | ||
| 1 | Revenue from operations | 8,561.14 | 7,544.27 | 7,084.57 | 29,509.38 | 26,228.45 |
| 2 | Other income, net (Refer note 4) | 351.74 | 201.44 | 153.38 | 825.33 | 663.29 |
| 3 | Total Income (1+2) | 8912.88 | 7,745.71 | 7,237.95 | 30,334.71 | 26,891.74 |
| A | Expenses | |||||
| B | Cost of materials consumed | 2,649.72 | 2,738.23 | 1,880.75 | 9,592.06 | 7,530.23 |
| C | Purchase of stock-In-trade | 1,498.11 | 269.89 | 1,609.64 | 4,544.68 | 5,744.77 |
| D | Changes in inventories of finished goods, wOrk-in-progress and stock-in-trade | (241.30) | 154.11 | (238.18) | (1,364.17) | (1,837.58) |
| E | Employee benefits expense (Refer note 6) | 1,067.56 | 1,119.90 | 972.17 | 4,209.34 | 3,502.99 |
| F | Finance costs | 63.10 | 59.35 | 34.35 | 241.25 | 116.60 |
| G | Depreciation and amortisation expense | 242.87 | 243.27 | 227.44 | 986.32 | 833.86 |
| 4 | Other expenses | 1,632.84 | 1,654.72 | 1,590.84 | 6,519.46 | 5,961.20 |
| 5 | Total Expenses | 6,912.90 | 6,239.47 | 6,077.01 | 24,729.16 | 21,852.07 |
| Profit Before Tax (3-4) | 1,959.98 | 1,506.24 | 1,160.94 | 5,605.55 | 5,039.67 | |
| Tax Expense: | ||||||
| (a) Current tax | 555.49 | 389.50 | 237.50 | 1,499.64 | 1,272.82 | |
| (b) Current tax for earlier period | 20.17 | 10.17 | 5.27 | 30.34 | 13.08 | |
| (c) Deferred tax | (66.00) | (30.33) | 10.91 | (125.07) | (72.42) | |
| 6 | Total Tax Expense | 509.66 | 369.34 | 253.68 | 1,404.91 | 1,213.48 |
| 7 | Profit After Tax (5-6) | 1,490.32 | 1,136.90 | 907.26 | 4,200.64 | 3,826.19 |
| Other Comprehensive Income | ||||||
| Items that will not be reclassified to profit or loss | ||||||
| Remeasurements of the net defined benefit plans | 3.44 | 12.48 | (6.86) | 13.91 | (4.02) | |
| Tax on above | (0.87) | (3.14) | 1.73 | (3.50) | 1.01 | |
| Items that will be reclassified to profit or loss | ||||||
| Foreign currency translation reserve (net) | 536.83 | 182.79 | 269.94 | 1,751.07 | 463.48 | |
| 8 | Other Comprehensive Income | 539.40 | 192.13 | 264.81 | 1,761.48 | 480.47 |
| 9 | Total Comprehensive Income (H8) | 2029.72 | 1329.03 | 1,172.07 | 5,962.12 | 4,306.66 |
| Net Profit attributable to:- | ||||||
| Owners of the Company | 1,481.29 | 1,132.02 | 905.46 | 4,179.00 | 3,805.75 | |
| Non-Controlling interests | 9.03 | 4.88 | 1.80 | 21.64 | 20.44 | |
| Other Comprehensive Income attributable to:- | ||||||
| Owners of the Company | 518.64 | 167.24 | 262.78 | 1,712.59 | 484.73 | |
| Non-Controlling Interests | 20.76 | 4.89 | 2.03 | 48.89 | (4.26) | |
| Total Comprehensive Income attributable to:- | ||||||
| Owners of the Company | 1,999.93 | 1,319.26 | 1,168.23 | 5,891.59 | 4,290.48 | |
| Non-Controlling interests | 29.79 | 9.77 | 3.84 | 70.53 | 16.18 | |
| 10 | Paid up Equity Share Capital (face value ₹1 each fully paid) | 453.16 | 453.16 | 453.16 | 453.16 | 453.16 |
| 11 | Other equity | 29,778.40 | 24,215.96 | |||
| 12 | Earnings per equity share of ₹1 each' | |||||
| Basic | 3.27 | 2.50 | 2.00 | 9.22 | 8.40 | |
| Diluted | 3.27 | 2.50 | 2.00 | 9.22 | 8.40 |
MARKSANS PHARMA LIMITED
CONSOLIDATED AUDITED STATEMENT OF ASSETS AND LIABILITIES
(€ In million)
| Particulars | As at 31 Mar 2026 (AUDITED) | As at 31 Mar 2025 (AUDITED) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 6,250.06 | 5,794.78 |
| Right of use assets | 3,008.70 | 3,069.31 |
| Capital work-in-progress | 147.82 | 90.00 |
| Goodwill | 452.56 | 409.28 |
| Other intangible assets | 729.74 | 546.23 |
| Intangible assets under development | 438.02 | 181.09 |
| Financial assets | ||
| Other financial assets | 38.72 | 35.71 |
| Deferred tax assets (net) | 129.65 | |
| Other non-current assets | 175.54 | 217.60 |
| Non current tax assets (net) | 10.81 | 11.11 |
| Total non-current assets | 11,381.62 | 10,355.11 |
| Current assets | ||
| Inventories | 9,722.81 | 8,455.16 |
| Financial Assets | ||
| Investments | 7.42 | |
| Trade receivables | 6,445.66 | 5,400.43 |
| Cash and cash equivalents | 6,341.37 | 4,957.86 |
| Bank balances other than above | 3,555.14 | 2,084.23 |
| Other financial assets | 49.26 | 35.57 |
| Other current assets | 1,004.62 | 977.94 |
| Current tax assets (net) | 108.54 | 122.60 |
| Total current assets | 27,227.40 | 22,041.21 |
| TOTAL ASSETS | 38,609.02 | 32,396.32 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Equity share capital | 453.16 | 453.16 |
| Other equity | 29,778.40 | 24,215.96 |
| Equity attributable to owners of the Company | 30,231.56 | 24,669.12 |
| Non-Controlling interests | 295.24 | 224.70 |
| Total equity | 30,526.80 | 24,893.82 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 2,701.30 | 2,633.29 |
| Provisions | 59.15 | 59.20 |
| Deferred tax liabilities (net) | 50.87 | 36.62 |
| Total non current liabilities | 2,811.32 | 2,729.11 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 295.91 | 230.85 |
| Lease liabilities | 436.58 | 354.92 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 20.12 | 36.33 |
| Total outstanding dues of other than micro enterprises and small enterprises | 3,348.97 | 3,020.66 |
| Other financial liabilities | 301.30 | 236.49 |
| Other current liabilities | 449.01 | 580.26 |
| Provisions | 3.18 | 14.47 |
| Current tax liabilities (net) | 415.83 | 299.41 |
| Total current liabilities | 5,270.90 | 4,773.39 |
| Total liabilities | 8,082.22 | 7,502.50 |
| TOTAL EQUITY AND LIABILITIES | 38,609.02 | 32,396.32 |
MUMBAI-63
MARKSANS PHARMA LIMITED
CONSOLIDATED AUDITED CASH FLOW STATEMENT
(All amounts In million of Indian Rupees, unless otherwise stated)
| Particulars | | For the year ended
31 Mar 2026
(Audited) | For the year ended
31 Mar 2025
(Audited) |
| --- | --- | --- | --- |
| A. | Cash flow from operating activities | | |
| | Profit before tax | 5,605.55 | 5,039.67 |
| | Adjustments to reconcile profit before tax to net cash provided by operating activities | | |
| | -Depreciation and amortisation expenses | 986.32 | 833.86 |
| | -Unrealised exchange differences on translation of assets and liabilities, net | (223.73) | (48.77) |
| | -Loss on sale of property, plant and equipment, net | 0.64 | 0.33 |
| | -Gain on redemption of mutual fund investments | (12.27) | (6.94) |
| | -Finance costs | 241.25 | 116.60 |
| | • Employee Share based compensation expenses | 33.38 | = |
| | -Interest Income | (276.78) | (301.97) |
| | • Loss arising on financial instruments measured at FVTPL, net | 29.25 | 40.06 |
| | •Loss/(Gain) on lease termination | 0.17 | (22.75) |
| | -Allowance for credit losses on trade receivables (Including bad debts) | 218.58 | 83.28 |
| | Operating profit before working capital changes | 6,602.36 | 5,733.37 |
| | Changes In working capital: | | |
| | Inventories | (387.25) | (1,954.67) |
| | Trade receivables | (313.90) | (m.90) |
| | Non-current/current financial and other assets | (9.40) | (174.23) |
| | Non/current/current financial and other liabilities/provisions/trade payables | 85.98 | 499.06 |
| | Cash generated from operations | 5,977.79 | 3,325.63 |
| | Income tax paid (net) | (1,396.54) | (1,258.99) |
| | Net cash generated from operating activities (A) | 4,581.25 | 2,066.64 |
| B. | Cash flow from investing activities: | | |
| | Payments to acquire property, plant and equipment and intangible assets | (1,305.27) | (1,n 9.19) |
| | Proceeds from sale of property, plant and equipment | s.r.l | 12.49 |
| | (Investment) / Proceeds from deposits (net) | (1,469.33) | 618.0 |
| | Purchase of mutual fund Investments | (1,490.00) | - |
| | Proceeds from sale of mutual fund investments | 1,509.69 | 269.87 |
| | Interest received | 262.47 | 337.97 |
| | Net Cash used In investing activities (B) | (2,482.67) | (490.09) |
| C. | Cash flow from financing activities: | | |
| | Dividend paid | (362.53) | (271.90) |
| | Proceeds/(repayment) of short term borrowings (net) | 65.06 | (60.06) |
| | Payment of principal portion of lease liabilities (including interest on lease liabilities) | (383.96) | (295.65) |
| | Interest cost paid | (27.85) | (23.85) |
| | Net Cash used In financing activities (C) | (709.28) | (651.46) |
| | Net increase In cash and cash equivalents (A+B+C) | 1,389.30 | 925.09 |
| | Cash and cash equivalents at the beginning of the year | 4,957.86 | 4,032.77 |
| | Effect of exchange differences on translation of foreign currency cash and cash equivalents | (5.79) | # |
| | Cash and cash equivalents at the end of the year | 6,341.37 | 4,957.86 |
Notes:
1. # Amount below rounding off criteria
2. The above Cash Flow Statement is prepared under the "Indirect Method" as set out in Ind AS 7, 'Statement of Cash Flows'.
3. Amounts in bracket represent cash outflow.
SSSS 1
MUMBAI-63
MARKSANS PHARMA LIMITED
NOTES TO AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
The audited consolidated annual financial results for the year ended 31 March 2026 has been prepared on the basis of the consolidated annual financial statements in accordance with the Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules 2015 (as amended) specified under section 133 of the Companies Act, 2013 and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation'), as amended were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on 26 May 2026. The Statutory Auditors of the Company have expressed an unmodified opinion on the audited consolidated financial results for the year ended 31 March 2026.
2 The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures. In respect of full financial year and the unaudited published year-to-date figures up to 31 December for respective years which were subject to limited review.
3 The Group's activities comprise of manufacturing pharmaceutical formulation and trading in pharmaceutical products. The Group has only one reportable segment namely 'Pharmaceuticals' as per Ind AS 108 on 'Operating Segments'.
4 Other income (net) includes the following net foreign exchange gain/(loss), including forward contracts:
(₹ in million)
| Description | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31 Mar 2026 | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2026 | 31 Mar 2025 | |
| (AUDITED) | |||||
| (Refer Note 2) | (UNAUDITED) | (AUDITED) | |||
| (Refer Note 2) | (AUDITED) | (AUDITED) | |||
| Net Exchange Gain | 247.99 | 118.12 | 25.51 | 500.95 | 193.11 |
5 During the year, the Board of Directors and Shareholders of the Company had approved the Marksans Employees Stock Option Scheme 2024 ("SChere") for the employees of the Company and its subsidiary companies comprising of equity shares of the Company, not exceeding 2,300,000 equity share of face value of ₹ 1/- each. Under the said Scheme, the Company has granted 400,000 equity stock options of face value of ₹ 1/- each on 24 September 2025 to the eligible employees of the Company and its subsidiary companies.
6 Effective 21 November 2025, the Government of India consolidated 29 existing labour regulations into four Labour Codes, namely 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 (collectively referred to as the "New Labour Codes"). The implementation of the New Labour Codes resulted in an increase in provision for employee benefits on account of recognition of past service cost. In accordance with the requirements of the New Labour Codes and the applicable accounting standards, the Company initially assessed and recognised an incremental impact of ₹ 28.10 million during the quarter ended 31 December 2025. During the quarter ended 31 March 2026, the Company revised its salary structure to align with the requirements of the New Labour Codes and reassessed the related impact. Consequently, ₹ 2.01 million of the amount additionally recognised earlier was reversed. Accordingly, the net impact of ₹ 26.09 million has been recognised as Employee Benefits Expense in the audited consolidated financial results for the year ended 31 March 2026.
7 During the quarter and year ended 31 March 2026, Company has formed and incorporated two new wholly owned subsidiaries, viz. Marksans Pharma (Europe) Limited in Ireland and Marksans (Canada) Inc. in Canada on 16 January 2026 and 22 January 2026 respectively.
8 The Board of Directors In the meeting held on 26 May 2026 have recommended final dividend of ₹0.90 per equity share of ₹1/- each (90%) for the Financial Year 2025-26.
9 The above consolidated audited annual financials results are available on the Company's website (www.marksanspharma.com) and stock exchanges websites, BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed.
Chairman & Managing Director
DIN: 00020983