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Earnings Call Transcript

Granules India Earnings Call Transcript: Key Takeaways

Q2 revenue ₹1,560 Cr (+20% YoY) and PAT ₹182 Cr (+39%), but EBITDA margin fell 131bps QoQ on West Asia costs. Gagilapur FDA observations leave the warning letter unresolved.

Highlights
Revenue growthRevenue +20% YoY, +6% QoQ to ₹1,560 Cr; broad-based.
MarginsEBITDA margin 21.6%: +19bps YoY, -131bps QoQ on input costs.
Demand visibilitySteady US controlled-substance demand; no volume guidance given.
Management confidenceBalanced-to-optimistic; deflects guidance and CDMO customer-win questions.

Growth

Revenue +20% YoY and +6% QoQ, broad-based. PAT +39% YoY, but EBITDA +21% and gross margin down 134bps YoY.

Outlook

Five US launches planned in H2 FY27, two controlled substances. Genome Valley utilisation to cross 50% by Q4. No numeric revenue or margin guidance given.

Risks

Gagilapur warning letter unlifted with fresh 483 observations; ANDA approvals blocked. West Asia input and freight costs pressure margins. CDMO still loss-making; operating cash flow weak.

Source

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

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Granules India Ltd: key numbers

Share price
₹821.95
Market cap
₹20,368 Cr
Revenue (annual)
₹5,366 Cr
Net profit (annual)
₹595.0 Cr
P/E (TTM)
30.8×Sector 45.9×
Promoter holding
37.39%-0.63% QoQ
FII holding
20.25%Current quarter

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

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