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Orchid Pharma (ORCHPHARMA) investor relations material
Orchid Pharma Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 sales were INR 194 crore, down 13% year-on-year, with H1 FY26 sales down 22% compared to H1 FY25.
EBITDA for Q2 FY26 was INR 6 crore, down from INR 14 crore in Q1 FY26 and 61% lower year-on-year, with margin falling to 8% from 17%.
Net profit after tax (PAT) fell 92% year-on-year in Q2 FY26, but consolidated net profit was ₹1,371.12 lakhs, up from a Q1 FY26 loss.
Board approved unaudited standalone and consolidated results for Q2 and H1 FY26, with a modified auditor's conclusion.
Completed acquisition of global rights to emmetazobactam and Exblifeb, consolidating global antibiotic presence.
Financial highlights
Q2 FY26 sales: INR 194 crore, down 13% YoY, up 13% QoQ; H1 FY26 sales down 22% YoY.
Gross margin declined to 32% from 43% in Q1 FY26 and to 38% from 39% YoY.
EBITDA: INR 6 crore (down from INR 14 crore in Q1 FY26); EBITDA margin dropped to 8% from 17% YoY.
PAT margin fell to 1% in Q2 FY26 from 11% in Q2 FY25.
Consolidated net profit for Q2 FY26 was ₹1,371.12 lakhs, with EPS of ₹2.94.
Outlook and guidance
No signs of antibiotics market recovery expected in FY26; focus on licensing Exblifeb and progressing key projects.
AMS division expected to break even by next year, with sales team potentially breaking even by Q4 FY26.
Royalty and sales data from emmetazobactam acquisition to be reflected from the December quarter onwards.
Awaiting NCLT approval for Dhanuka Labs amalgamation, with next hearing in November 2025.
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