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Ajanta Pharma (AJANTPHARM) investor relations material

Ajanta Pharma Q2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 25/26 earnings summary3 Nov, 2025

Executive summary

  • Revenue from operations grew 14% year-over-year in both Q2 and H1 FY26, driven by branded generics and US generics performance.

  • Board approved a first interim dividend of ₹28 per share (face value ₹2), totaling ₹350 crore, with record date set for November 10, 2025.

  • Branded generics contributed 72% of total revenue, with strong growth in India, Asia, and Africa.

  • US generics segment posted a 13% CAGR over five years, with new launches and increased filings.

  • Antimalarial institutional business in Africa declined due to lower procurement by aid agencies.

Financial highlights

  • Q2 FY26 revenue: ₹1,354 crore (up 14% YoY); H1 FY26: ₹2,656 crore (up 14% YoY).

  • Q2 FY26 net profit: ₹260 crore (up 20% YoY); H1 FY26 net profit: ₹516 crore (up 12% YoY).

  • Q2 FY26 EBITDA: ₹328 crore (up 5% YoY, 24% margin); H1 FY26 EBITDA: ₹679 crore (up 6% YoY, 26% margin).

  • Gross margin remained strong at 77-78% for Q2 and H1 FY26; full-year margin expected around 78% ±1%.

  • Basic EPS for H1 FY26 was ₹41.27, up from ₹36.88 in H1 FY25.

Outlook and guidance

  • Confident of sustaining current growth trajectory across all business segments, with focus on new product launches and expanding into new countries and therapies.

  • EBITDA margin guidance maintained at 27% ±1% for the year, excluding forex losses.

  • CapEx for FY26 expected at ₹300 crore.

  • US generics and Africa businesses expected to deliver double-digit growth for the year and next year.

  • Continued emphasis on cost optimization and digitalization across functions.

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Frequently asked questions

Ajanta Pharma Limited is a pharmaceutical company engaged in the development, manufacturing, and marketing of generic and branded pharmaceutical formulations. The company focuses on therapeutic segments such as ophthalmology, dermatology, cardiology, and pain management. Ajanta Pharma serves domestic and international markets, supplying products across regulated and emerging markets. The company is headquartered in Mumbai, India, and its shares are listed on the BSE.

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