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Cohance Lifesciences (COHANCE) investor relations material
Cohance Lifesciences Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2FY27 revenue rose 12.9% QoQ to INR 4,766 Mn but fell 14.2% YoY; adjusted EBITDA margin improved to 9.6% from 2.2% in Q1.
H1FY27 revenue declined 18.6% YoY to INR 8,989 Mn and adjusted EBITDA fell to INR 551 Mn; H2 is expected to deliver YoY revenue and EBITDA growth.
The Suryapet facility received a closure order after a fatal accident; operational and financial impact remains under assessment.
Financial highlights
Q2FY27 adjusted EBITDA was INR 459 Mn at a 9.6% margin, versus INR 1,288 Mn and 23.2% a year earlier; adjusted PAT was INR 74 Mn versus INR 709 Mn.
Q2 reported net profit was ₹2.27 crore versus ₹66.39 crore a year earlier; H1 reported net loss was ₹42.92 crore versus profit of ₹112.79 crore.
H1FY27 adjusted EBITDA was INR 551 Mn at a 6.1% margin, versus INR 2,629 Mn at 23.8%; adjusted PAT was a loss of INR 355 Mn.
Q2 material margin was 70.8%, down 377 bps YoY; H1 gross margin was 71.1% versus 73.8%, reflecting mix and lower AgChem contribution.
Q2 revenue was ₹476.65 crore; standalone Q2 revenue was ₹416.69 crore with net profit of ₹13.27 crore.
Outlook and guidance
H2FY27 revenue and EBITDA are expected to grow YoY and exceed H1, supported by Small Molecule deliveries, API+ resilience, Sapala growth, utilisation and improved mix.
Small Molecule Q3/Q4 order visibility and reloads improved; first deliveries from new commercial programmes are expected in Q4 FY27 or Q1 FY28.
FY27 Specialty Chemicals revenue is expected to decline YoY, versus the prior broadly flat outlook; newer programmes will not offset near-term pressure.
- FY22 growth lifted margins; CDMO leads a measured FY23 outlook.COHANCE
Q4 21/22 - CDMO-led growth and a ₹600 crore modernization plan anchor the FY21 outlook.COHANCE
Q4 20/21 - Strong FY20 growth funded an expansion push, tempered by COVID-19 and execution risks.COHANCE
Q4 19/20 - Muted FY23 results and cautious FY24 guidance meet a new Advent-led strategic chapter.COHANCE
Q4 22/23 - Destocking weighed on FY24 results, while pipeline growth and merger scale support recovery prospects.COHANCE
Q4 23/24 - Q1 FY27 revenue fell 23.1% YoY, but H2 growth is expected as recovery and integration strengthen.COHANCE
Q1 26/27 - FY26 saw revenue and EBITDA decline, but margins improved and growth is expected in FY27.COHANCE
Q3 25/26 - Q2 FY25 revenue up 12% YoY, driven by Pharma CDMO and Sapala; outlook remains strong.COHANCE
Q2 24/25 - Q3FY25 revenue up 40% YoY, driven by Pharma CDMO growth and strong margins.COHANCE
Q3 24/25
Next Cohance Lifesciences earnings date
Next Cohance Lifesciences earnings date
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