NSEPress Release4d ago · 6 Nov 2026, 06:05 pm
Press Release
Cohance Lifesciences Limited · COHANCE
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Cohance Lifesciences Limited, a global contract development and manufacturing organisation (CDMO), announced its unaudited financial results for the second quarter and half year ended 30 September 2026. Q2 FY27 revenue from operations was ₹4,767 million, increasing 12.9% sequentially and declining 14.2% year-on-year. H1 FY27 revenue from operations was ₹8,989 million, down 18.6% year-on-year.
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Cohance Lifesciences Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Press Release".
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6 November 2026
To To
BSE Limited National Stock Exchange of India Limited
25th Floor, P. J. Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Mumbai - 400001 Bandra (E), Mumbai – 400051
Scrip Code: 543064 Scrip Symbol: COHANCE
Dear Sir/Madam,
Sub: Press Release
Please find annexed press release on the unaudited financial results of the Company for the quarter and half
year ended 30 September 2026.
We request you to take the above on record.
Thanking you.
Yours faithfully,
For Cohance Lifesciences Limited
(formerly, Suven Pharmaceuticals Limited)
Sisir K. Mishra
Company Secretary & Compliance Officer
Encl: as above
Cohance Lifesciences Announces Q2 & H1FY27 Results
Q2 delivered sequential growth; H2 to drive YoY growth in revenue and EBITDA
Hyderabad/Mumbai, 6 November 2026
Cohance Lifesciences Limited (formerly Suven Pharmaceuticals Limited), a leading global
contract development and manufacturing organisation (CDMO), today announced its
unaudited financial results for the second quarter and half year ended 30 September 2026.
Q2FY27 Financial Performance
• Q2 FY27 revenue from operations was ₹4,767 million, increasing 12.9% sequentially
and declining 14.2% year-on-year. Gross margin was 70.8%, compared with 74.6% in
Q2 FY26, reflecting an unfavourable business and product mix. Adjusted EBITDA was
₹458 million, with an adjusted EBITDA margin of 10%, compared with 2.2% in Q1
FY27.
H1FY27 Financial Performance
• H1 FY27 revenue from operations was ₹8,989 million, down 18.6% year-on-year.
Gross margin was 71.1%, compared with 73.8% in H1 FY26. Adjusted EBITDA was
₹551 million, with an adjusted EBITDA margin of 6.1%.
Mr. Umang Vohra, Executive Chairman and Group CEO, said: “Q2 reflects an improving
business trajectory and the broader Cohance platform beginning to come together. We
expect H2 to be materially stronger than H1, with year-on-year growth in both revenue and
EBITDA, supported by improving visibility across our businesses. At the same time, we
remain focused on progressing our regulatory commitments and maintaining the highest
standards of quality and compliance across our facilities. We see significant value
potential as we continue to integrate and scale the Cohance platform, and we are still at
the beginning of that journey”
Press Release
Key Business Highlights of H1FY27
• Small Molecules: Stronger Q3/Q4 order visibility and multiple commercial reload
orders received, supporting improved delivery schedules and H2 recovery
• Secured three significant programmes with large global pharma customers,
comprising two commercial and one Phase III programme
• Two molecules moved into commercial supply, with two additional molecules
expected over the next 12–15 months, including one with US FDA approval
• NJ Bio successfully delivered two ADC GMP campaigns, including an end-to-end
development programme. One customised payload programme is progressing
through scale-up
• Nucleic Acid business is seeing strong demand for specialised nucleosides and
amidites, with increasing commercial opportunities and larger-scale
manufacturing programmes across the Cohance network
• Qualification programmes progressing with two Japanese customers, alongside
opportunities with a European innovator and potential manufacturing transfers
• NJ Bio, Inc. was named Runner-Up in the Best Contract Research Organization
(CRO) category at the 2026 World ADC Awards, marking seven consecutive years
of recognition at the event
Outlook
H2 FY27 is expected to be materially stronger than H1 FY27, supported by Small Molecule
deliveries and reloads, continued resilience in API+, nucleic-acid growth and progressive
improvement across the portfolio. Higher revenue conversion, improved utilisation and a
better business mix are expected to support progressive margin recovery. The strategic
direction remains unchanged.
Press Release
About Cohance Lifesciences
Cohance Lifesciences, formerly Suven Pharmaceuticals, is an innovator-focused global
CRDMO formed through the merger of Cohance Life Sciences into Suven Pharmaceuticals.
Through its integrated platform and facilities in India and the US, Cohance provides solutions
from early development through commercial supply for leading global pharmaceutical
companies.
For more information, please contact: www.cohance.com
Cyndrella Carvalho, Head - Investor Relations, Gavin Desa / Konpal Pali
Cohance Lifesciences Limited CDR India
Tel: 040 2354 3311 Tel: +91 98206 37649 / 76619 08341
Email: cyndrella.carvalho@cohance.com Email: gavin@cdr-india.com;
konpal@cdr-india.com
Press Release