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Investor Presentation

Windlas Biotech Investor Presentation: Key Takeaways

H1FY27 revenue Rs 512 Cr (+18%), adj. PAT Rs 50 Cr (+33%, 9.7% margin); reported PAT flat at Rs 36 Cr on ESOP charges. CDMO-led growth; Plant-6 commercialised.

Highlights
Revenue growthH1 +18% to Rs 512 Cr; Q2 +19% to Rs 264 Cr
MarginsAdj. EBITDA 13.7% H1 (+51bps); reported 10.9% (-179bps)
Demand visibilityIPM volume +2.3%; CDMO share-of-wallet gains cited
Management confidenceConfident tone; cites 15 straight record quarters

Growth

H1 revenue +18% to Rs 512 Cr; Q2 +19% to Rs 264 Cr. Adj. EBITDA +23%, adj. PAT +33%.

Outlook

No numeric growth guidance. Plant-6 commercialised Sep-26; injectables and P-2 extension in progress; ~20% payout target.

Risks

Trade Generics down 31% on codeine product exit; reported PAT flat; ESOP charges rising to Rs 14 Cr in H1.

Last quarter's promises, checked

Delivered

  • Plant-6 full commercial by end-H1 → commercialised Sep-26 (= BEAT)
  • 14 straight record-revenue qtrs → 15 straight (= BEAT)

Partly delivered

  • Injectables 'back on track' → CDMO +32% H1, injectables not disclosed separately (= PARTIAL)
  • Plant-6 'fully online' after validations → commercialised; no ramp/utilisation data (= PARTIAL)

Missed

  • TG momentum back in 'few quarters' → TG -31% H1 post codeine exit (= MISS)
Source

Investor Presentation filed with BSE, NSE: WINDLAS. Summary written with AI assistance from the document.

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Windlas Biotech Ltd: key numbers

Share price
₹921.25
Market cap
₹1,934 Cr
Revenue (annual)
₹904.1 Cr
Net profit (annual)
₹66.44 Cr
P/E (TTM)
29.1×Sector 37.9×
Promoter holding
63.31%+0.00% QoQ
FII holding
2.09%Current quarter

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

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