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Earnings Call

Cohance Lifesciences Earnings Call: Key Takeaways

Management is navigating a transition phase with significant revenue and margin pressure due to destocking and site disruptions. New CEO Umang Vohra focuses on embedding the company into global new drug value chains.

Highlights
Revenue growthFY26 revenue declined 13% YoY to ₹22.68 billion.
MarginsEBITDA margins compressed to 21% from 24.6% on a standalone basis.
Order bookPhase 3 pipeline expanded to 10 programs; 140 active CDMO projects.
Demand visibilityVisibility remains low for H1 FY27 but improves for H2 recovery.
Management confidenceBalanced, focused on structural recovery after a weak transitional year.

Growth

FY26 revenue declined 13% YoY to ₹22.68 billion; underlying Pharma CDMO growth was early single digits.

Outlook

Recovery expected from H2 FY27; FY27 capex planned at ₹3 billion for ADC and oligonucleotide infrastructure.

Risks

High customer concentration risk; significant impact from destocking of two large commercial molecules and Nacharam site disruptions.

Source

Earnings Call filed with NSE, NSE: COHANCE. Summary written with AI assistance from the document.

Read the document ↗

Cohance Lifesciences Ltd: key numbers

Share price
₹459.25
Market cap
₹17,571 Cr
Revenue (annual)
₹2,269 Cr
Net profit (annual)
₹179.2 Cr
P/E (TTM)
165.4×Sector 50.4×
Promoter holding
57.49%+0.00% QoQ
FII holding
6.50%Current quarter

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

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