Solara Q1 FY27: Revenue up 20%, PAT up 55% YoY; net debt down 22%
SOLARA · price
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Solara posted strong Q1 FY27 results. Revenue at INR384 crore rose 20% year-on-year, EBITDA at INR63.5 crore up 10%, and PAT at INR16.3 crore up 55%, the highest in 18 quarters. Base business revenue climbed 24% to INR307 crore. Ibuprofen business remained weak with negative 12% EBITDA margin. Net debt reduced by about INR135 crore or 22% to INR479 crore; CFO targets net debt free status by FY29. West Asia crisis continues to pressure raw material costs. Management guides for 10% base business growth and 25% plus or minus 1% EBITDA margin. Ibuprofen strategic review due by H1 FY27.
Strong turnaround momentum with margin expansion and sharp debt reduction, though ibuprofen losses and West Asia raw material risks persist.