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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.Executive summary
Board approved an interim dividend of INR 28 per share, totaling INR 350 crore, with payment scheduled after 20th November 2025.
Achieved 14% year-over-year revenue growth in Q2 and H1 FY2026, driven by branded generics and US generics performance.
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 FY2026 revenue: INR 1,354 crore (up 14% YoY); H1: INR 2,656 crore (up 14% YoY); Q2 PAT: INR 260 crore (up 20% YoY); H1 PAT: INR 516 crore (up 12% YoY).
Q2 EBITDA: INR 328 crore (up 5% YoY, 24% margin); H1 EBITDA: INR 679 crore (up 6% YoY, 26% margin); adjusted H1 EBITDA margin at 28%.
Gross margin: 77% for Q2, 78% for H1; full-year margin expected around 78% ±1%.
Standalone Q2 revenue at INR 1,220 crore, PAT at INR 250 crore; H1 revenue at INR 2,429 crore, PAT at INR 505 crore.
Excluding forex losses, Q2 EBITDA was INR 369 crore (27% margin), H1 EBITDA INR 745 crore (28% margin), and H1 PAT up 19% YoY.
Outlook and guidance
Confident of sustaining current growth trajectory across all business segments, with focus on new launches and expanding into new therapies and geographies.
U.S. business expected to maintain high growth, with high teens growth projected for next year.
Africa business now expected to achieve double-digit growth for the year, up from earlier mid-single-digit guidance.
EBITDA margin guidance maintained at 27% ±1% for the rest of the year.
Continued emphasis on cost optimization, digitalization, and field force productivity.
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