Commenting on the results, Mr. Jai Hiremath, Vice Chairman & Managing Director of Hikal Ltd., said, “This has been the highest quarter sales in the history of Hikal mainly driven by our pharma business. Our pharma business continues to grow due to the long term contracts signed earlier with leading global life sciences companies. We also expect significant growth in the agro-chemical business in the forthcoming quarters.”

About Hikal:
Hikal is a reliable long-term outsourcing partner to companies in the Pharmaceuticals, Crop Protection Products, and Specialty Chemicals industry. The company has been supplying key active ingredients (AI) and intermediates, manufactured using stringent global quality standards, for it’s customers in the United States, Europe and Japan. Hikal’s advanced manufacturing facilities have been inspected and approved by leading global players in Crop protection and Pharmaceutical sectors. The crop protection facilities are located at Taloja and Mahad (Maharashtra). Hikal’s manufacturing activities are supported by state-of-the-art research centers and pilot plant facilities located at Bangalore and Taloja respectively. The API and pharmaceutical intermediates manufacturing facilities are situated in Jigani (Bangalore) and Panoli (Gujarat) respectively.