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MRPL, Gland, Dixon Technologies among top gainers on Nifty Midcap 150

Moneycontrol's analysis on July 21, 2025, indicated a bearish sentiment for the stock.
July 23, 2025 / 12:38 IST
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In Wednesday's session, several stocks showed strong performance within the Nifty Midcap 150 index. MRPL, Gland Pharma, and Dixon Technologies were among the top gainers. MRPL's shares led the pack with over 6% increase.

Gland Pharma followed, with its stock gaining 3%. Dixon Technologies also saw a notable rise, increasing by nearly 3%. Rounding out the top gainers were Max Healthcare and One 97 Communications.

MRPL Financial Performance

MRPL's financial performance shows varied results across the quarters. The company's consolidated revenue for the quarter-ending June 2025 was Rs 17,356.23 Crore, compared to Rs 23,247.02 Crore in June 2024. Net profit for the same period was a loss of Rs 271.97 Crore, a significant downturn from a profit of Rs 65.57 Crore in the previous year.

MRPL Quarterly Income Statement (Consolidated)

Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
SalesRs 17,356 CroreRs 24,595 CroreRs 21,870 CroreRs 24,967 CroreRs 23,247 Crore
Other IncomeRs 38 CroreRs 37 CroreRs 33 CroreRs 37 CroreRs 44 Crore
Total IncomeRs 17,394 CroreRs 24,633 CroreRs 21,904 CroreRs 25,005 CroreRs 23,291 Crore
Total ExpenditureRs 17,539 CroreRs 23,803 CroreRs 21,171 CroreRs 25,784 CroreRs 22,976 Crore
EBITRs -145 CroreRs 829 CroreRs 732 CroreRs -778 CroreRs 315 Crore
InterestRs 257 CroreRs 245 CroreRs 263 CroreRs 284 CroreRs 214 Crore
TaxRs -130 CroreRs 221 CroreRs 165 CroreRs -358 CroreRs 35 Crore
Net ProfitRs -271 CroreRs 363 CroreRs 304 CroreRs -704 CroreRs 65 Crore

MRPL Annual Income Statement (Consolidated)

Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
SalesRs 94,681 CroreRs 90,406 CroreRs 108,856 CroreRs 69,727 CroreRs 32,058 Crore
Other IncomeRs 153 CroreRs 191 CroreRs 189 CroreRs 98 CroreRs 96 Crore
Total IncomeRs 94,834 CroreRs 90,598 CroreRs 109,046 CroreRs 69,825 CroreRs 32,155 Crore
Total ExpenditureRs 93,735 CroreRs 83,976 CroreRs 103,543 CroreRs 65,914 CroreRs 32,519 Crore
EBITRs 1,099 CroreRs 6,621 CroreRs 5,502 CroreRs 3,911 CroreRs -364 Crore
InterestRs 1,008 CroreRs 1,113 CroreRs 1,285 CroreRs 1,207 CroreRs 554 Crore
TaxRs 62 CroreRs 1,925 CroreRs 1,600 CroreRs -246 CroreRs -153 Crore
Net ProfitRs 28 CroreRs 3,582 CroreRs 2,616 CroreRs 2,950 CroreRs -764 Crore

The annual revenue for the year ending March 2025 increased to Rs 94,681.62 Crore from Rs 90,406.68 Crore in the previous year. However, the net profit saw a steep decline, falling to Rs 28.08 Crore in March 2025 from Rs 3,582.44 Crore in March 2024.

Gland Pharma Financials

Gland Pharma's financial results show a strong yearly performance but mixed quarterly results. The consolidated revenue for the quarter ending March 2025 was Rs 1,424.91 Crore, compared to Rs 1,537.45 Crore in March 2024. The net profit for the same period was Rs 186.54 Crore, slightly down from Rs 192.42 Crore in the previous year.

Gland Pharma Quarterly Income Statement (Standalone)

Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
SalesRs 1,030 CroreRs 1,010 CroreRs 1,062 CroreRs 1,012 CroreRs 1,174 Crore
Other IncomeRs 43 CroreRs 65 CroreRs 57 CroreRs 48 CroreRs 46 Crore
Total IncomeRs 1,074 CroreRs 1,075 CroreRs 1,120 CroreRs 1,060 CroreRs 1,221 Crore
Total ExpenditureRs 679 CroreRs 663 CroreRs 740 CroreRs 759 CroreRs 784 Crore
EBITRs 394 CroreRs 412 CroreRs 379 CroreRs 301 CroreRs 437 Crore
InterestRs 3 CroreRs 18 CroreRs 0 CroreRs 0 CroreRs 4 Crore
TaxRs 101 CroreRs 99 CroreRs 98 CroreRs 77 CroreRs 111 Crore
Net ProfitRs 290 CroreRs 295 CroreRs 281 CroreRs 222 CroreRs 321 Crore

Gland Pharma Annual Income Statement (Standalone)

Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
SalesRs 4,116 CroreRs 4,167 CroreRs 3,616 CroreRs 4,400 CroreRs 3,462 Crore
Other IncomeRs 215 CroreRs 166 CroreRs 240 CroreRs 223 CroreRs 134 Crore
Total IncomeRs 4,331 CroreRs 4,334 CroreRs 3,856 CroreRs 4,624 CroreRs 3,597 Crore
Total ExpenditureRs 2,842 CroreRs 2,920 CroreRs 2,801 CroreRs 3,000 CroreRs 2,259 Crore
EBITRs 1,488 CroreRs 1,413 CroreRs 1,055 CroreRs 1,624 CroreRs 1,338 Crore
InterestRs 22 CroreRs 7 CroreRs 7 CroreRs 5 CroreRs 3 Crore
TaxRs 375 CroreRs 362 CroreRs 272 CroreRs 406 CroreRs 337 Crore
Net ProfitRs 1,089 CroreRs 1,043 CroreRs 775 CroreRs 1,212 CroreRs 997 Crore

The annual revenue for the year ending March 2025 was Rs 5,616.50 Crore compared to Rs 5,664.72 Crore in the previous year. The net profit decreased from Rs 772.46 Crore in March 2024 to Rs 698.53 Crore in March 2025.

Dixon Technologies Financials

Dixon Technologies' financial performance highlights strong yearly growth, with positive but fluctuating quarterly results. The consolidated revenue for the quarter ending June 2025 was Rs 12,835.66 Crore, up from Rs 6,579.80 Crore in June 2024. The net profit for the same period was Rs 273.26 Crore, compared to Rs 132.26 Crore in the previous year.

Dixon Technologies Quarterly Income Statement (Consolidated)

Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
SalesRs 12,835 CroreRs 10,292 CroreRs 10,453 CroreRs 11,534 CroreRs 6,579 Crore
Other IncomeRs 1 CroreRs 11 CroreRs 6 CroreRs -5 CroreRs 8 Crore
Total IncomeRs 12,837 CroreRs 10,303 CroreRs 10,460 CroreRs 11,528 CroreRs 6,587 Crore
Total ExpenditureRs 12,445 CroreRs 9,685 CroreRs 10,137 CroreRs 10,964 CroreRs 6,386 Crore
EBITRs 391 CroreRs 618 CroreRs 322 CroreRs 564 CroreRs 201 Crore
InterestRs 32 CroreRs 46 CroreRs 40 CroreRs 37 CroreRs 29 Crore
TaxRs 85 CroreRs 111 CroreRs 68 CroreRs 117 CroreRs 40 Crore
Net ProfitRs 273 CroreRs 461 CroreRs 212 CroreRs 409 CroreRs 132 Crore

Dixon Technologies Annual Income Statement (Consolidated)

Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
SalesRs 38,860 CroreRs 17,690 CroreRs 12,192 CroreRs 10,697 CroreRs 6,448 Crore
Other IncomeRs 20 CroreRs 22 CroreRs 5 CroreRs 3 CroreRs 1 Crore
Total IncomeRs 38,880 CroreRs 17,713 CroreRs 12,197 CroreRs 10,700 CroreRs 6,449 Crore
Total ExpenditureRs 37,173 CroreRs 17,155 CroreRs 11,793 CroreRs 10,401 CroreRs 6,205 Crore
EBITRs 1,706 CroreRs 558 CroreRs 403 CroreRs 298 CroreRs 244 Crore
InterestRs 154 CroreRs 74 CroreRs 60 CroreRs 44 CroreRs 27 Crore
TaxRs 337 CroreRs 118 CroreRs 89 CroreRs 64 CroreRs 57 Crore
Net ProfitRs 1,215 CroreRs 364 CroreRs 253 CroreRs 190 CroreRs 159 Crore

The annual revenue for the year ending March 2025 significantly increased to Rs 38,860.10 Crore from Rs 17,690.90 Crore in the previous year. The net profit also rose sharply to Rs 1,215.20 Crore in March 2025 from Rs 364.68 Crore in March 2024.

MRPL has announced several corporate actions, including amendments to the Memorandum of Association. Gland Pharma will hold an earnings call on August 5, 2025, to discuss financial results. Dixon Technologies has diversified its business, according to a recent exchange filing. One 97 Paytm has approved the grant of stock options under its ESOP scheme.

Moneycontrol's analysis on July 21, 2025, indicated a bearish sentiment for the stock.

Alpha Desk
first published: Jul 23, 2025 12:38 pm

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