NSEAnalysts/Institutional Investor Meet/Con. Call Updates28 Sept 2026 · 28 Sept 2026, 06:36 pm
Analysts/Institutional Investor Meet/Con. Call Updates
Symbiotec Pharmalab Limited · SYMBIOTEC
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Symbiotec Pharmalab Limited has informed the Exchange about the transcript of Q1 FY27 earnings conference call, hosted by JM Financials, where the management discussed the company's operational and financial performance for the quarter.
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Symbiotec Pharmalab Limited has informed the Exchange about Transcript
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September 28, 2026
To, To,
The Listing Department, The Listing Department
BSE Limited, National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai – 400051
Scrip code: 544889 Symbol: SYMBIOTEC
Sub.: Transcript of the Earnings Conference Call for Analysts and Investors for Q1 FY27.
Ref: Disclosure pursuant to Regulation 30 read with Part A of Schedule III of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Ma’am,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith the transcript of Q1 FY27
earnings conference call held on Tuesday, September 22, 2026.
The transcript is also available on the Company’s website www.symbiotec.com
This is for your Information and Records.
Thanking you,
For Symbiotec Pharmalab Limited
Salil Jain
Company Secretary & Compliance Officer
Registered Office & Works:
Symbiotec Pharmalab Limited
(Formerly known as Symbiotec Pharmalab Pvt. Ltd.)
385/2, Pigdamber, Rau, Mhow, Indore - 453331, Madhya Pradesh, India
Tel. No.: +91-731-6676405-406 Fax: +91-731-4201222,
Email ID : symbiotec@symbiotec.com, Website : www.symbiotec.com
CIN: U24232MP2002PLC015293
“Symbiotec Pharmalab Limited
Q1 FY27 Earnings Conference Call”
September 22, 2026
E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the
stock exchange on 22nd September 2026 will prevail
MANAGEMENT: MR. ANIL SATWANI – CHAIRMAN AND MANAGING
DIRECTOR
MR. RAGHAVENDER RAMACHANDRAN – CHIEF
FINANCIAL OFFICER
MR. SHUBHAM SABOO – MD’S OFFICE
MR. KAPIL MISHRA – MD'S OFFICE
MR. PRAKASH SAWLANI – DIRECTOR
SGA, INVESTOR RELATION ADVISOR
MODERATOR: MR. GOURAV BHAMA – JM FINANCIALS
Moderator: Ladies and gentlemen, we welcome you all to the Q1 FY27 Earnings Conference Call of
Symbiotec Pharmalab Limited hosted by JM Financials. This conference call may contain
forward-looking statements about the company, which are based on the beliefs, opinions, and
expectations of the company as on the date of this call. These statements do not guarantee the
Page 1 of 18
Symbiotec Pharmalab Limited
September 22, 2026
future performance of the company and may involve risks and uncertainties that are difficult to
predict.
As a reminder, all participant lines will be in the listen-only mode, and there will be an
opportunity for you to ask questions after the presentation concludes. Should you need assistance
during this conference call, please signal an operator by pressing star, then zero on your touch-
tone phone. Please note that this conference is being recorded.
I now handover the conferenceto Mr. Gourav Bhama from JM Financials. Thank you, and over
to you, sir.
Gourav Bhama: Thank you, Alaric. Thank you. Good evening, everyone. Good morning, everyone. On behalf of
JM Financials, I welcome you all to Q1 FY27 earnings call of Symbiotec Pharmalab Limited.
We are pleased to have with us management represented by Mr. Anil Satwani, Chairman and
Managing Director, and Mr. Raghavender Ramachandran, Chief Financial Officer. We will have
opening remarks from the management, followed by a Q&A session. Thank you, and over to
you, Mr. Anil, sir.
Anil Satwani: Yes, thank you, and good morning, everyone. I am Anil Satwani from Symbiotec Pharmalab.
Thank you for joining us on our first earnings call to discuss the operational and financial
performance of Q1 FY27. I am joined here by our CFO, Raghav, and my colleagues, Shubham
Saboo and Kapil Mishra, from our management team. And I also have my colleague, Prakash
Sawlani, from the US, and also here I have our Investor Relation Advisor from SGA.
On behalf of entire Symbiotec family, I want to begin by thanking each one of you, our new
shareholders, our bankers, our customers, our long-standing partners, and our employees for the
confidence that you have placed in us through our recent listing on BSE and NSE. We are very
excited, trust me. Becoming a publicly listed company is a milestone 30 years in the making,
and I am genuinely delighted to have this opportunity to share our story, our performance, and
our path forward.
Let me start here with where we come from, because I believe our history says a great deal about
who we are today. So, I know I have been telling about my story since last few months over my
road shows, but I think, at least to the benefit of someone who has not heard me before, I just
like to start with my journey, which began in 1995, and when I started out as a lab-scale
manufacturer of steroid APIs and then what began as a small operation grew through the
commissioning of our first ever industrial facility at Rau in 2004 into the company you see today.
Symbiotec essentially is a research-driven, science-based pharmaceutical and biotechnology
platform. And remember, I'm using both words pharmaceutical and biotechnology, and as we
move forward in this call, we'll explain what our expertise in both spaces is about.
So, this pharma and biotech platform, spanning three verticals, of course, our major vertical, the
present vertical, is API business, and the two new verticals that we have gone into is, one, the
biotech-driven CDMO services and also the complex injectables space as part of forward
integration that we have got into.
Page 2 of 18
Symbiotec Pharmalab Limited
September 22, 2026
In any case, over three decades, we have evolved from a few products and a lab-scale operations
into a backward-integrated industrial-scale manufacturer with approvals from US FDA, EU-
GMP, and Japan PMDA and other leading global regulators. As of today, we have a global
position in this category of steroid and hormones APIs.
Let me spend some time on our three verticals one by one, because this is central to
understanding where we are today and what are we heading for. Symbiotec, as you know,
operates across these three complimentary and interlinked business verticals, right, this API and
this fermentation CDMO and our complex injectables platform. Please remember that more than
90% of our annual revenues for the current fiscal year are estimated to come from our main API
business, which is the API steroid hormones, and the two new businesses are just about to take
off. So, be mindful of this status.
Of course, in the API business, we are, in fact, one of the few companies in the world who are
fully backward-integrated, starting from a vegetative source called sterols, which are essentially
soyabean-derived phytosterols, working through or working at the intersection of chemistry and
biotechnology as two sciences.
And our leadership rests on a portfolio for 60 corticosteroid and steroidal hormones APIs, and
supported by 44 US DMFs and 25 CEPs from Europe, and we are still counting. And please be
reminded this is one of the largest filing by a single steroid hormones API company in the world.
And as I said before, we have a strong track record with major regulatory agencies. In an industry
where the regulatory trust is the ultimate currency, I consider this track record as one of the most
valuable assets alongside our technology and manufacturing scale. And that this trust is also
reflected in the breadth of our customer relationships.
We serve over 200 customers across more than 40 countries, including innovators, big pharma,
and also world's leading generic and specialty pharma companies across North America, Europe,
Latin America, and Asia.
What matters is not only the number of customers, but the durability of this relationship. Trust
me, nearly 70% of our FY26 revenues come from customers who we have served them for more
than seven years, and our average relationship tenure with our top five customers exceed 10
years. And by the way, there are relationships with the big pharma that has gone close to two
decades by now. So, in a business which is built on very complex, regul
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