Q2 revenue rises 40%, margin expands, and FY28 capacity targets are set
IOLCP · price
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Q2 FY27 revenue rose 40% year on year to INR795 crore, while EBITDA rose nearly 80% to INR115 crore and margin improved to 14.4%. PAT jumped 117% to INR65 crore. H1 revenue was INR1,551 crore, up 39%. Management expects FY27 revenue growth above 25% and a 14-15% EBITDA margin. Ibuprofen capacity of 18,000 MT and the new CDMO plant are targeted for FY28, with fuller benefits in FY28-FY29.
Strong results may support the share price, but FY28 project execution, capacity ramp-up and higher working-capital and finance costs are key risks.