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AlphaStreet Analysis

Ipca Laboratories Q2 FY26 Earnings Results

Ipca Laboratories Ltd, engaged in manufacturing and marketing of pharmaceuticals, reported robust financial performance for Q2FY26 with revenue growth across domestic formulations, exports, and APIs.

Financial Highlights:

  • Revenues increased 8.54% year-on-year to ₹2,556 crore from ₹2,355 crore, with domestic formulations up 8% to ₹1,019 crore and exports up 7% to ₹814 crore. ​
  • Total expenses rose 4.86% to ₹2,135 crore from ₹2,036 crore.
  • Consolidated net profit grew 14.23% to ₹281 crore from ₹246 crore, supported by EBITDA margin expansion to 21.68% (up 258 bps). ​
  • Earnings per share improved 23.09% to ₹11.14 from ₹9.05.

Growth driven by API sales surge (28% to ₹408 crore), operational efficiencies, and strong domestic/international demand despite ₹58 crore EU fine provision.

Outlook:

Ipca Laboratories Ltd targets 10-11% domestic growth, consolidated margin improvement, and sustained API/export momentum.

Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.

Q2 FY26

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