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Ajanta Pharma (AJANTPHARM) investor relations material
Ajanta Pharma Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 14% year-over-year revenue growth in Q2 and H1 FY26, driven by branded and US generics, with strong profitability and board approval of a first interim dividend of ₹28 per share.
Branded generics contributed 72% of total revenue, with strong growth in India, Asia, and Africa.
US generics segment posted a 13% CAGR over five years, with new launches and increased filings.
Antimalarial institutional business in Africa declined due to lower procurement by aid agencies.
Unaudited consolidated and standalone financial results for Q2 and H1 FY2026 were approved.
Financial highlights
Q2 FY26 revenue: ₹1,354 crore (up 14% YoY); H1 FY26: ₹2,656 crore (up 14% YoY); Q2 net profit: ₹260 crore (up 20% YoY); H1 net profit: ₹516 crore (up 12% YoY).
Q2 EBITDA: ₹328 crore (up 5% YoY, 24% margin); H1 EBITDA: ₹679 crore (up 6% YoY, 26% margin); adjusted H1 EBITDA margin at 28%.
Gross margin remained strong at 77-78% for Q2 and H1 FY26.
Interim dividend of ₹28 per share declared, totaling ₹349.82 crore.
Excluding forex losses, Q2 EBITDA was ₹369 crore (27% margin), H1 EBITDA was ₹745 crore (28% margin), and PAT up 19-23% YoY.
Outlook and guidance
Confident of sustaining current growth trajectory across all business segments, with focus on new product launches, expanding into new countries and therapies, and enhancing field force productivity.
EBITDA margin guidance maintained at 27% ±1% for the year, excluding forex losses; full-year gross margin expected at 78% ±1%.
CapEx for FY26 expected at ₹300 crore.
US generics and Africa businesses expected to deliver double-digit growth for the year and next year.
Continued emphasis on cost optimization and digitalization across functions.
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