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Earnings Call

Hikal Earnings Call: Key Takeaways

Q4FY26 revenue hit ₹519cr with 20.3% EBITDA margin. Management focuses on transition from remediation to sustainable technology-led growth despite US FDA and raw material headwinds.

Why this was an Alfa AlertNot a filter event. Management missed prior 10% Pharma growth guidance due to FDA issues.
Highlights
Revenue growthFY26 revenue ₹1,713cr, broadly flat to declining YoY.
MarginsQ4 EBITDA margin improved to 20.3%; FY26 at 12.9%.
Order bookPharma order book remains intact despite shipment delays.
Demand visibilityImproving demand trends in API and CDMO segments for FY27.
Management confidenceConfident in recovery post-FDA resolution and inventory normalization.

Growth

FY26 revenue ₹1,713cr; EBITDA ₹220cr (12.9% margin). Pharma revenue ₹1,021cr; Crop Protection ₹692cr.

Outlook

Targeting 5-6 DMF filings annually. HPAPI plant targeted for FY28. Guidance of ₹500cr Animal Health revenue.

Risks

US FDA warning letter at Bangalore; raw material price spikes in solvents; geopolitical volatility impacting supply.

Source

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

Read the document ↗

Hikal Ltd: key numbers

Share price
₹224.52
Market cap
₹2,768 Cr
Revenue (annual)
₹1,713 Cr
Net profit (annual)
₹-48.80 Cr
P/E (TTM)
-553.7×Sector 43.8×
Promoter holding
68.85%+0.00% QoQ
FII holding
1.28%Current quarter

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

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08:07 IST BSE
Regulatory Approval

Hikal Regulatory Approval

Hikal's Bengaluru API facility received a Swissmedic GMP Certificate of Compliance. The certification supports wider access to European and other regulated markets.