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NATCO Pharma (NATCOPHARM) investor relations material
NATCO Pharma Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated Q1 FY27 revenue was INR 7,944 million, down from INR 13,906 million year-over-year, mainly due to lower Lenalidomide sales, partially offset by double-digit growth in the base business.
EBITDA for the quarter was INR 2,457 million with a margin of 30.9%, showing improvement from 25.1% in Q4 FY26 due to better international and domestic performance and controlled costs.
Profit after tax (PAT) was INR 2,065 million, with a margin of 26%, compared to INR 4,803 million in Q1 FY26; normalized PAT grew 34% sequentially.
Strong performance from associate Adcock Ingram (South Africa), with share of profit at INR 843 million; stake increased to 49% in July 2026.
Interim dividend of INR 1.50 per equity share declared for Q1 FY27.
Financial highlights
Brazil revenue grew 180% year-over-year to INR 178 crores.
Domestic formulation revenue was INR 1,364 million, with base business rising to INR 1,300 million, driven by semaglutide and oncology.
Canada sales for the quarter were INR 56 crores.
International formulations revenue was INR 4,771 million, with a quarter-on-quarter decline attributed to seasonality and product cycles.
Earnings per share for Q1 FY27 was INR 11.53.
Outlook and guidance
Domestic business expected to grow 25% in volumes for FY27.
PAT guidance remains at INR 750 crores for FY27, with management cautioning against extrapolating Q1's seasonal profit bump.
Crop Health Sciences expected to break even for the year, with Q2 anticipated as the strongest quarter.
Full-year gross sales guidance is INR 33-34 billion.
Pipeline includes 28 Para IVs in the US, with over 20 first-to-file opportunities and 17 products with tentative or full approval.
- Record FY24 profit growth was led by Pharmaceuticals, partly offset by Agro chemicals losses.NATCOPHARM
Q4 23/24 - FY26 saw robust growth, global expansion, and innovation in complex generics and advanced therapies.NATCOPHARM
Investor presentation - FY26 revenue and profit declined, but new launches and acquisitions support future growth.NATCOPHARM
Q4 25/26 - Q3FY26 revenue and profit rose, driven by pharma growth, exports, and a key South African acquisition.NATCOPHARM
Q3 25/26 - Q2FY26 saw INR 1,463 crore revenue, INR 517.9 crore profit, and a INR 1.5 interim dividend.NATCOPHARM
Q2 25/26 - Profit and EPS declined on higher costs and impairment, but cash and pipeline remain strong.NATCOPHARM
Q1 25/26 - Q2 FY25 revenue and net profit surged on export growth, strong margins, and a positive outlook.NATCOPHARM
Q2 24/25 - Net profit surged 59% in Q1 FY25 on strong export formulations and Revlimid growth.NATCOPHARM
Q1 24/25 - Q3 FY25 profit and revenue fell, but new launches and a dividend signal optimism ahead.NATCOPHARM
Q3 24/25
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Next NATCO Pharma earnings date
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