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Earnings Call Transcript

Sai Parenterals Earnings Call Transcript: Key Takeaways

Sai Parenterals is transitioning from a standalone unit to a consolidated manufacturing and R&D powerhouse through strategic acquisitions. While revenue grew 9% sequentially, high depreciation from new assets is currently masking operating profitability gains.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth9% sequential growth to ₹196.1 Cr; H1 revenue at ₹376 Cr.
MarginsGross margin rose to 47.5%; guided to stay above 45%.
Demand visibilityStrong visibility in Australia and Philippines via long-term OTC supply contracts.
Management confidenceConfident; focus shifted from daily operations to long-term strategic integration.

Growth

H1 revenue hit ₹376 Cr; gross margins expanded to 47.5% due to tighter inventory and R&D integration.

Outlook

Management maintains a hard target of ₹750 Cr revenue for FY27 with margins exceeding 17%.

Risks

Massive 3x jump in depreciation and logistical disruptions in Australia/Middle East pose immediate earnings volatility risks.

Last quarter's promises, checked

Delivered

  • 45:55 H1:H2 split of ₹750 Cr (implied H1 ≈₹337.5 Cr) → H1 ₹376 Cr (= BEAT)

Partly delivered

  • ₹18.02 Cr greenfield R&D centre (IPO objective) → ₹15 Cr for 60% of Prathyak; purpose retained (= PARTIAL)

Missed

  • ₹83.83 Cr Unit-1/2 upgrade (IPO objective) → dropped; redeployed to 60% of Saicriti greenfield (= MISS)
Source

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

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Sai Parenterals Ltd: key numbers

Share price
₹480.70
Market cap
₹2,124 Cr
Revenue (annual)
₹381.0 Cr
Net profit (annual)
₹14.26 Cr
P/E (TTM)
85.2×Sector 47.2×
Promoter holding
51.16%+0.00% QoQ
FII holding
2.85%Current quarter

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

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