Dear Shareholders,
A journey of a thousand miles begins with a single step. The long journey undertaken by
Sakar Healthcare from its very inception to its present leading position as a
pharmaceutical company in Gujarat serves as a testimony to this proverb. It has been a
momentous journey in challenges, rich in triumphs, and relentless in pursuit of
excellence.
As we step into the future themed "Elevating Value, Empowering Lives," we
reflect upon how those principles have shaped our strategies and achievements. Much as the
world beats the rhythm with the spirit of the Olympics, so are we to find a parallel of
that pursuit for excellence within ourselves. Our team's hard work, never-give-up
attitude, draws from the athletes' relentless pursuit toward the podium. It is in light of
your unwavering support, coupled with our team's attitude, that we have built a very
strong foundation for success.
Sakar Healthcare has shown superior financial performance with a strong CAGR of 17.41%
in revenues from FY21 to FY24. The group revenues during FY24 were at INR 1,533 Mn with an
EBITDA margin of ~25%. These financial strength outcomes further provide us power to
support growth-oriented initiatives and to come up with exceptional value for
shareholders.
One of the cornerstones of our strategy is this expansion into the oncology segment.
This launch of a state-of-the- art oncology manufacturing facility, coupled with a robust
R&D pipeline, places Sakar Healthcare at the forefront in this critical therapeutic
area. A recent patent granted to us for IMATINIB and receipt of the EU GMP certification
for our oncology unit mark major milestones accomplished in our journey.
We are dedicated to excellence in operation and innovation. The delivery of cytotoxics
as oral liquids, HME-enhanced solubility anti-cancer products, and liposomal formulations
are a testament to our relentless pursuit towards better patient outcomes.
Geographically, we have expanded our global footprint across key markets and are
rapidly building further with a strong pipeline of new opportunities being explored. We
take great pride in our partnerships and customer relationships built on trust.
Looking ahead, we believe that Sakar Healthcare is on sound ground to benefit from
these unfolding opportunities and deliver long-term growth. We remain committed to ongoing
innovation and sound financial performance, positioning us to deliver exceptional value to
our shareholders, patients, and the communities we serve.
We thank you for your continued support and confidence in Sakar Healthcare as we
continue to grow value and empower lives.
| Sincerely, |
| San jay Shah |
| Chairman and Managing Director |