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Earnings Call

Wockhardt Earnings Call: Key Takeaways

Wockhardt reports FY26 revenue of ₹3,373cr with 51% EBITDA growth. Strategy focuses on novel antibiotic 'Zaynich', recently US FDA approved, and diabetes biosimilars to drive future scaling.

Why this was an Alfa AlertNot a filter event. While growth is strong, management did not state results exceeded prior guidance by over 10%.
Highlights
Revenue growthFY26 revenue at ₹3,373 crores.
MarginsEBITDA margin increased to 18.6% from 5.4% three years prior.
Demand visibilitySignificant unmet need in ICUs for carbapenem-resistant infections.
Management confidenceHigh; described Zaynich as a 'once-in-a-generation' opportunity.

Growth

Top line ₹3,373cr; EBITDA ₹630cr (up 51%); PBT ₹238cr. EBITDA margins improved from 5.4% to 18.6% in three years.

Outlook

Guided capex of ₹200-300cr over 3 years. Zaynich peak sales potential estimated at $1.5B to $2B globally.

Risks

Execution challenges in building a new business model for novel drugs and navigating complex US market dynamics.

Last quarter's promises, checked

Delivered

  • EBITDA growth >60% → delivered 51% (= PARTIAL)
  • Net debt-to-equity 0.01% → delivered 0.1 (= MISS)
  • ZAYNICH US launch FY26-27 → delivered US FDA approval FY26 (= BEAT)

Partly delivered

  • EBITDA margin 14% → delivered 18.6% (= BEAT)
  • Double capacity 24-36 months → delivered capex ₹200-300cr plan (= PARTIAL)

Missed

  • Revenue growth 5% (FY25) → delivered 11.2% (FY26) (= BEAT)
  • Net debt INR 64cr → delivered INR 337cr (implied) (= MISS)
Source

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

Read the document ↗

Wockhardt Ltd: key numbers

Share price
₹2,265.60
Market cap
₹36,814 Cr
Revenue (annual)
₹3,373 Cr
Net profit (annual)
₹213.0 Cr
P/E (TTM)
90.0×Sector 50.4×
Promoter holding
49.08%+0.00% QoQ
FII holding
7.23%Current quarter

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

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Financial Results

Wockhardt Q4 FY26 Results: Turns Profitable, Net Profit ₹164 Cr

Wockhardt Ltd reported revenue from operations of ₹965 Cr (+29.9% YoY) and net profit of ₹164 Cr for Q4 FY26.

Key figure
Net profit ₹164 Cr