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Earnings Call

Bharat Parenterals Earnings Call: Key Takeaways

Bharat Parenterals reported flat FY26 consolidated revenue of ₹345.4cr but a 6x EBITDA surge to ₹15.8cr. Transition year focused on regulatory clearances and scaling subsidiaries like Innoxel and Varenyam.

Why this was an Alfa AlertNot a filter event. Performance was largely in line with expectations during a transition year.
Highlights
Revenue growthFlat YoY at consolidated level; high subsidiary growth offset standalone decline.
MarginsEBITDA margins expanded significantly; Innoxel turned EBITDA positive in Q4.
Order book₹171cr for BPL standalone providing FY27 visibility.
Demand visibilityStrong; order book at ₹171cr for standalone business.
Management confidenceHigh confidence in FY27 guidance after finishing investment phase.

Growth

FY26 Consolidated Revenue: ₹345.4cr (+1.6% YoY); EBITDA: ₹15.8cr (+485% YoY). Innoxel grew 174% to ₹72.4cr.

Outlook

FY27 Guidance: Standalone growth 10-15%; Innoxel 35-45%; Varenyam 20-25%. Peak revenue targets ₹400-500cr by 2030.

Risks

Soft standalone exports due to deferred tenders; geopolitical disturbances causing 3-month project delays; near-term disruption from audits.

Source

Earnings Call filed with BSE, BSE: 541096. Summary written with AI assistance from the document.

Read the document ↗

Bharat Parenterals Ltd: key numbers

Share price
₹1,895.10
Market cap
₹1,306 Cr
Revenue (annual)
₹345.4 Cr
Net profit (annual)
₹-8.19 Cr
P/E (TTM)
-84.8×Sector 50.4×
Promoter holding
67.20%+0.03% QoQ
FII holding
0.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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