BIOCONNSEBiocon Limited· PharmaceuticalsLowNeutral
Announced Thu, 7 Aug · 20:33 IST

Biocon Limited has informed the Exchange regarding a press release dated August 07, 2025, titled "Biocon Q1FY26 Operating Revenue at Rs 3,942 Cr, Up 15%EBITDA at Rs 829 Cr; Up 19%*;PBT (before exceptional item) at Rs 97 Cr, Up 72%*Biosimilars Up 18%, CRDMO Up 11% and Generics Up 6%".

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Biocon reported Q1FY26 (quarter ended June 30, 2025) consolidated operating revenue of Rs 3,942 crore, up 15% year-on-year on a like-for-like basis. Total revenue came in at Rs 4,022 crore. EBITDA rose 19% (like-for-like) to Rs 829 crore with a 21% margin, while core EBITDA grew 11% to Rs 1,003 crore at a 25% margin. Profit before tax (before exceptional items) stood at Rs 97 crore, up 72% on a like-for-like basis, and reported net profit was Rs 31 crore. The Biosimilars segment (Biocon Biologics) led growth at Rs 2,458 crore (+18%), followed by CRDMO/Syngene at Rs 875 crore (+11%) and Generics at Rs 697 crore (+6%). Key highlights included the launch of Yesafili in Canada (10th biosimilar), USFDA approval for Kirsty (Insulin Aspart), and a successful Rs 4,500 crore QIP fundraise in June 2025 to increase Biocon's stake in Biocon Biologics. Note: Q1FY25 included a one-time Rs 1,057 crore gain from the BFI divestment, which inflates the YoY drop in reported total revenue (-12%) and EBITDA (-53%).

Likely market impact

The underlying business is clearly growing — Biosimilars momentum and new product approvals (Insulin Aspart, Denosumab biosimilars) strengthen the long-term story, while the Rs 4,500 crore QIP boosts the balance sheet and simplifies Biocon Biologics' ownership. Reported net profit and EBITDA still look weak on a head-to-head YoY basis because of last year's one-time gain, so investors should focus on like-for-like figures and segment-level trends rather than the headline comparisons.