BSEBoard Meeting1d ago · 30 Oct 2026, 12:55 pm
Pls find enclosed Financial Results for the quarter ended 30.09.2026.
Ajanta Pharma Ltd · 532331
✦ AI Summary▲ PositiveResults
Ajanta Pharma Ltd reported a 33% increase in revenue and 49% increase in PAT for the second quarter and half year ended 30th September 2026, driven by strong growth in branded generics and US generic business.
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Growth Catalyst6/10
Governance Concern1/10
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Ajanta Pharma Ltd - 532331 - Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2026.
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Ajanta Pharma Limited
Ajanta Tower, 54-A, M Vasanji T +91 22 6060 9000
Road, Chakala, Andheri (E), E legal.info@ajantapharma.com
Mumbai 400 093, India W www.ajantapharma.com
30th October 2026
BSE LIMITED National Stock Exchange of India,
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no.
Dalal Street, C/1, G Block, Bandra Kurla Complex,
Mumbai – 400001 Bandra (East), Mumbai – 400 051
Scrip Code: BSE – AJANTPHARM 532331 Scrip Code: NSE AJANTPHARM EQ
Sub.: Outcome of the Board Meeting
Dear Sir/Madam,
At the Board meeting held today, the Board has inter-alia approved and taken on record
Unaudited Financial Results for the quarter and half year ended 30th September 2026.
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we enclose herewith the following:
i. Press Release being issued on the Results for the second quarter and half year ended 30th
September 2026;
ii. Unaudited Consolidated Financial Results for the second quarter and half year ended 30th
September 2026;
iii. Limited Review Report from Auditors M/s. B S R & Co. LLP on the Unaudited Consolidated
Financial Results for the second quarter and half year ended 30th September 2026;
iv. Unaudited Standalone Financial Results for the second quarter and half year ended 30th
September 2026;
v. Limited Review Report from Auditors M/s. B S R & Co. LLP on the Unaudited Standalone
Financial Results for the second quarter and half year ended 30th September 2026;
vi. Investor presentation.
Meeting of the Board of Directors commenced at 11.30 a.m. and concluded at 12:50 p.m.
Kindly take the above on your records.
Thanking You,
Yours faithfully,
GAURANG SHAH
Sr. VP - Legal & Company Secretary
Encl.: a/a
Corporate Identity Number - L24230MH1979PLC022059
Ajanta Pharma Limited
Ajanta Tower, 54-A, M Vasanji Road, T +91 22 6060 9000
Chakala, Andheri (E), E corpcom@ajantapharma.com
Mumbai – 400 093, India W www.ajantapharma.com
Press Release
Revenue up by 33% and PAT up by 49%
(2nd Quarter FY 2027 Consolidated Results)
Mumbai, 30th October, 2026: Ajanta Pharma Ltd., a specialty pharmaceutical formulation
company today reported its excellent performance for 2nd quarter, and half year ended
30th September 2026.
Q2 FY 2027 performance highlights (compared to Q2 FY 2026):
• Revenue from operations at Rs. 1,794 cr. against Rs. 1,354 cr.; up 33%.
• Adjusted EBITDA (excluding forex loss) at Rs. 543 cr. & 30% against Rs. 369 cr., up 47%.
• Profit after tax at Rs. 388 cr. against Rs. 260 cr.; PAT at 22%; up 49%.
H1 FY 2027 performance highlights (compared to H1 FY 2026):
• Revenue from operations at Rs. 3,420 cr. against Rs. 2,656 cr.; up 29%.
• Adjusted EBITDA (excluding forex loss) at Rs. 997 cr. & 29% against Rs. 745 cr., up 34%.
• Profit after tax at Rs. 722 cr. against Rs. 516 cr.; PAT at 21%; up 40%.
• ROCE stood at a healthy level of 41% and RONW at 31%.
Segment wise performance:
(Rs. cr.)
Q2 H1
Markets Gwth% Gwth%
FY 2026 FY 2027 FY 2026 FY 2027
Branded Generics
India ₹ 432 ₹ 504 16% ₹ 841 ₹ 1,013 20%
Asia ₹ 310 ₹ 366 18% ₹ 614 ₹ 621 1%
Africa ₹ 221 ₹ 312 41% ₹ 449 ₹ 607 35%
Sub-Total ₹ 963 ₹ 1,182 23% ₹ 1,904 ₹ 2,241 18%
US Generic ₹ 344 ₹ 484 41% ₹ 653 ₹ 971 49%
Africa Institution ₹ 32 ₹ 116 259% ₹ 71 ₹ 187 164%
Total ₹ 1,339 ₹ 1,782 33% ₹ 2,628 ₹ 3,399 29%
As per IQVIA MAT September 2026, our India branded generic performance exceeded IPM
growth by 27%. The higher growth came from new launches, which exceeded IPM by 70% &
volumes, which exceeded IPM by 18%.
Corporate Identity Number - L24230MH1979PLC022059
Ajanta Pharma Limited
Ajanta Tower, 54-A, M Vasanji Road, T +91 22 6060 9000
Chakala, Andheri (E), E corpcom@ajantapharma.com
Mumbai – 400 093, India W www.ajantapharma.com
India branded generic segment wise performance as per IQVIA MAT September 2026 against
IPM is as below:
Growth %
Therapy
IPM Ajanta
Cardiology 17% 13%
Ophthalmology 12% 18%
Dermatology 11% 14%
Pain Management 13% 16%
Overall 13% 17%
Though our Cardiology growth looks lower than IPM as per IQVIA due to some anomaly in the
working, our internal growth is at par with the IPM.
ANDA status as at the end of H1 FY 2027 is as below:
Particulars H1 FY 2027
Filed 1
Approval received 4
Launched 3
Total ANDA's commercialized 52
Awaiting approval with US FDA 17
Tentative approval 5
R&D expense:
(Rs. cr.)
% to
Particulars FY 2026 FY 2027
Revenue
Q2 ₹ 63 ₹ 72 4%
H1 ₹ 119 ₹ 138 4%
About Ajanta Pharma Limited
Ajanta Pharma is a speciality pharmaceutical formulation company having major focus on
branded generic business across India, Asia & Africa. Company has ground presence in each
of these 34+ countries. Many of company’s products are 1st to market and are leading in their
sub-therapeutic segments. Company also has presence in USA in generic business and
institution business in Africa.
Company’s state of the art R&D centre is in Mumbai. Company has 7 world class
manufacturing facilities located in India.
For the last 3 financial years, company has posted healthy Revenue and PAT CAGR of 14%.
Corporate Identity Number - L24230MH1979PLC022059
Ajanta Pharma Limited
Ajanta Tower, 54-A, M Vasanji Road, T +91 22 6060 9000
Chakala, Andheri (E), E corpcom@ajantapharma.com
Mumbai – 400 093, India W www.ajantapharma.com
Earnings Conference Call
The Company will host an Earnings Conference Call at 16:00 hrs. IST (18:30 hrs. SST/HKT,
10:30 hrs. GMT, 06:30 hrs. US ET), during which the leadership team will discuss the financial
performance and take questions. A transcript of the conference call will be available at
www.ajantapharma.com.
Dial-in Information
Date and Time October 30, 2026 at
16:00 – 17:00 hrs IST
18:30 – 19:30 hrs SST/HKT
10:30 – 11:30 hrs GMT
06:30 – 07:30 hrs US ET
Dial-in Numbers
Diamond pass link for faster access Click here to register
Universal Access Primary Access: (+91 22 6280 1542)
(+91 22 7115 8372)
International Toll Free USA: 18667462133
UK: 08081011573
Hong Kong: 800964448
Singapore: 8001012045
For convenience and faster connectivity to the conference, kindly follow the below
steps:
1. Register through the Diamond pass link.
2. You will receive a calendar invite along with a passcode and a PIN number. The passcode and
PIN will be activated 30 minutes prior to the conference scheduled time.
3. Dial the ‘conference Dial-in number’ you will receive on your email.
4. On system prompt dial the PASSCODE followed by # key.
5. On system prompt enter the PIN followed by # key.
6. If the line gets disconnected, you need to dial the ‘conference dial-in number’ again and follow
the necessary steps.
Playback of Earnings Conference Call audio:
Playback of the earnings call will be available 120 minutes after the end of the call on our
website (www.ajantapharma.com).
For more details visit www.ajantapharma.com
For regular updates follow us on x.com – https://x.com/AjantaPharmaLtd
For specific queries, contact:
Rajeev Agarwal Tel: +91 22 6060 9706 Email: rajeev.agarwal@ajantapharma.com
Abhineet Kumar Tel: +91 22 6060 9721 Email: abhineet.kumar@ajantapharma.com
Reuters: AJPH.NS, Bloomberg: AJP:IN, NSE: AJANTPHARM, BSE: 532331
Corporate Identity Number (CIN): L24230MH1979PLC022059
Safe Harbour Statement
Corporate Identity Number - L24230MH1979PLC022059
Greot
Ajanta Pharma Limited
Plqce
aianta pharma Ajanta Tower, 54-A, [I V Road, +91 22 6060 9000 to
E Work"
Chakala, Andheri (E), aplfinance@ajantapharma.com
Mumbai - 400 093, lndia W wwwalantapharma.com Ccrtified
Statemcnt of Consolidateal Unaudited Financial Results for the quarter and six months ended 30 September 2026
3GSeo-26 3GJ!n 26 3GSeD 25 30 Seo 26 30 Seo-25
Revenue rrom operations 1,7 .16 1,625.96 1,353 73 3,12012 2.656.36 5,452 a5
Other in@me (Rcrernolo 4) 37.39 70.90 59 34 108 29 85.67 1t2 07
1,831.55 1,696.86 1,413.07 3.528 41 2,742.05 5,624.93
Cosl ol malerials consumed 344.97 296.51 217.60 645 4a 424.@ 916.51
Purchas€s ol slocl'in-trade 80.89 66 92 53 26 117.81 104 69 229.79
Changes in invenlories ol linish€d goods, wo*-in prol
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