NSEPress Release21h ago · 30 Oct 2026, 05:51 pm
Press Release
Ind-Swift Laboratories Limited · INDSWFTLAB
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Ind-Swift Laboratories Limited has announced its unaudited financial results for Q2 and H1 FY27, with revenue up 50%, Op. EBITDA surging 5.2x, and PAT up 3.5x.
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Ind-Swift Laboratories Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press Release in respect of Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026 ".
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Ref: ISLL:CH:2026 Date: 30th October, 2026
The President The Vice President,
Corporate Relationship Department Listing Compliance Department,
BSE Limited National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor
25th Floor, Dalal Street, Plot No. C/2, G-Block,
Mumbai 400 001 Bandra Kurla Complex, Bandra (E),
Mumbai 400 051
BSE Scrip Code: 532305 NSE Symbol: INDSWFTLAB
Sub.: Press Release in respect of Unaudited Financial Results (Standalone and Consolidated) for
the second quarter and half year ended September 30, 2026
Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Dear Sir/Ma’am,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed herewith the Press Release regarding the Company's financial results for the
quarter ended September 30, 2026.
You are kindly requested to take the above information on record.
Thanking you,
For IND-SWIFT LABORATORIES LTD.
PARDEEP VERMA
VP-CORPORATE AFFAIRS &
COMPANY SECRETARY
Encl: a/a
Ind-Swift Laboratories Q2 FY27: Revenue up 50%, Op. EBITDA Surges
5.2x, PAT up 3.5x, EBITDA Margin Expands 1,279 BPS
Chandigarh, October 30th, 2026 - Ind-Swift Laboratories Limited (BSE: 532305 | NSE:
INDSWFTLAB), a leading pharmaceutical formulations company with a presence
across 85+ countries, announced its unaudited financial results for Q2 and H1 FY27,
delivering a sharp step-up in revenue, profitability and margins.
The performance is led by the Company's earlier transition from an API manufacturer
to a Finished Dosage Formulations (FDF) manufacturer and the further scale-up of
its operations. The Company's CDMO partnerships have started to pick up and are
now contributing much better to the topline, while the shift in business mix has lifted
margins.
Operating efficiency improved alongside growth. Raw material expense fell to 45.15%
of revenue from 49.38% in Q2 FY26. Growth was driven by core operations: non-
operating other income declined 35.95% to ₹7.60 crore, yet PBT rose 3.6x to ₹40.24
crore. Finance cost declined 33.83% to ₹1.33 crore.
Sequentially, revenue grew 26.23% and Op. EBITDA grew 27.02% over Q1 FY27
(₹186.08 crore and ₹33.32 crore respectively), with Op. EBITDA margin improving
from 17.91% to 18.02%. For H1 FY27, revenue rose 35.79% to ₹420.97 crore, Op.
EBITDA rose 4.4x to ₹75.65 crore at a margin of 17.97%, and PAT rose 3.3x to ₹55.47
crore.
Standalone Key Financial Highlights – Q2FY27:
Particulars (₹ Crs.) Q2 FY27 Q2 FY26 Y-o-Y Change (%)
Operating Income 234.89 156.43 50.15
Op. EBITDA 42.33 8.55 4.95x
Op. EBITDA (%) 18.02 5.46 1256.01 BPS
PAT 31.03 8.76 3.54x
PAT Margin (%) 13.21 5.60 761.18 BPS
Standalone Key Financial Highlights - H1 FY27:
Particulars (₹ Crs.) H1 FY27 H1 FY26 Y-o-Y Change (%)
Operating Income 420.97 310.02 35.79
Op. EBITDA 75.65 16.98 4.45x
Op. EBITDA (%) 17.97 5.47 1253.66 BPS
PAT 55.47 16.88 3.29x
PAT Margin (%) 13.18 5.44 773.35 BPS
Management Commentary
Mr. N.R. Munjal, Chairman of Ind-Swift Laboratories, further stated, “Q2 FY27
is a strong validation of the strategic choices we made earlier. Our transition from
an API manufacturer to a Finished Dosage Formulations (FDF) manufacturer and
the scale-up of our operations on that platform is now clearly visible in the
numbers. Revenue grew 50.15% to ₹234.89 crore, operating EBITDA rose 5.1x
to ₹42.33 crore and operating EBITDA margin expanded by 1,279 bps to 18.02%,
while PAT rose 3.5x to ₹31.03 crore, with PAT margin at 13.21%.
The shift to FDF has improved our business mix and lifted margins, and the scale-
up of operations is delivering operating leverage. Raw material expense fell to
45.15% of revenue from 49.38% a year ago, a 423 bps. Growth has come from
core operations, with PBT rising 3.6x to ₹40.24 crore even as non-operating other
income declined.
With a net-debt-free balance sheet, a focused FDF platform and a stronger
operating base, we remain committed to scaling operations further and
sustaining profitable growth.”
About Ind-Swift Laboratories Limited
Ind-Swift Laboratories Limited is a global pharmaceutical company focused on finished
dosage formulations, serving regulated and emerging markets through a diversified
model spanning international exports, domestic branded formulations, and contract
development & manufacturing partnerships.
Company operates manufacturing facilities with multiple international regulatory
accreditations and is supported by a dedicated formulation R&D infrastructure,
enabling product development, filings, and commercialization across key therapeutic
segments and geographies.
Post its strategic restructuring and API & CRAMS divestment, Ind-Swift operates as a
net-debt-free, pure-play formulations platform with a strong, capital-efficient balance
sheet. Backed by a robust dossier pipeline, established partnerships, and broad
international presence, the Company is focused on expanding exports, strengthening
CDMO visibility, and delivering sustainable growth with improving margins.
Disclaimer
This document contains forward-looking statements, which are not historical facts and
are subject to risks and uncertainties such as government actions, local developments,
and technological risks. The Company is not responsible for any actions taken based
on these statements and does not commit to publicly updating them to reflect future
events or circumstances.
For further Info Please contact
Pardeep Verma Investor Relations Advisors
VP-Corporate Affairs and Company Confideleap Partners
Secretary info@confideleap.com
+91-9814131627 +(91) 85911 45959
investor@indswiftlabs.Com www.confideleap.com