BSECompany Update3d ago · 11 Nov 2026, 01:09 pm
Submission of Earning Call Transcript for Q2FY27.
Aurobindo Pharma Ltd · 524804
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Aurobindo Pharma Ltd submitted the transcript of its Q2FY27 earnings call, which includes highlights of its performance for the quarter and strategic priorities for future growth.
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Aurobindo Pharma Ltd - 524804 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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November 11, 2026
To To
Listing Department, The Corporate Relations Department
NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED
Exchange Plaza, Phiroz Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), 25th floor, Dalal Street,
MUMBAI -400 051 MUMBAI -400 001
Company Code No. AUROPHARMA Company Code No. 524804
Dear Sir / Madam,
Sub: Transcript of Q2FY27 earnings call.
Please refer to our letter dated October 26, 2026, wherein we intimated the schedule of Earnings call on
November 5, 2026. We are attaching herewith the transcript of the said earnings call on the Unaudited Financial
Results of the Company for the second quarter and half year ended September 30, 2026 and the same is being
uploaded on the website of the Company and is available at the following web link.
https://www.aurobindo.com/investors/disclosures-under-regulation-46/investor-meet/conference-call-
transcripts/
Please take the information on record.
Thanking you,
Yours faithfully,
For AUROBINDO PHARMA LIMITED
B. Adi Reddy
Company Secretary
Encl.: as above
Corp. Off.: Galaxy, Floors: 22-24, Plot No.1, Survey No.83/1, Hyderabad Knowledge City, Raidurg Panmaktha, Ranga Reddy District, Hyderabad – 500 032, Telangana, India.
Tel : +91 40 6672 5000 / 6672 1200 Fax: +91 40 6707 4044.
Regd. off.: Plot No. 2, Maithrivihar, Ameerpet, Hyderabad - 500 038, Telangana, India Tel: +91 40 2373 6370/ 2374 7340 Fax: +91 40 2374 1080 / 2374 6833
Email: info@aurobindo.com Website: www.aurobindo.com
Q2 FY27 Earnings Conference Call
November 5, 2026
Dr. Satakarni Makkapati – CEO of Aurobindo Biosimilars, Vaccines and Peptide
Businesses & Director of Aurobindo Pharma Limited
Mr. Yugandhar Puvvala – CEO of Eugia Pharma Specialties Limited
Mr. Swami Iyer - CEO, Aurobindo Pharma, USA
Mr. V. Muralidharan – CEO, Europe Formulations Business
Mr. S. Subramanian - Chief Financial Officer, Aurobindo Pharma Limited
Mr. Varun Mali – Investor Relations and Corporate Communications
Aurobindo Pharma Limited
05 November 2026
Vandit Jaswani: Ladies and gentlemen, good day and welcome to Aurobindo Pharma's
Earnings Conference Call for the 2nd Quarter of FY27. Please note all participants' lines will be
in ‘Listen-only’ mode and there will be an opportunity for you to ask questions after
management's opening remarks. Should you need any assistance during the conference call,
please raise your hand from the ‘Participant’ tab on the screen.
Please note this conference is being recorded. I now hand over the conference to Mr. Varun
Mali. Thank you and over to you, Sir.
Varun Mali: Thank you, Vandit. Good morning, ladies and gentlemen, and welcome to our 2nd
Quarter FY27 Earnings Call. I am Varun Mali from the Investor Relations and Corporate
Communications team. We hope you have received the Q2 FY27 financials and the press
release that was sent out yesterday. These are also available on our website.
I would now like to introduce our senior management team who is on the call with us today,
represented by:
• Dr. Satakarni Makkapati, CEO - Aurobindo Biosimilars, Vaccines, Peptides Businesses
and Director - Aurobindo Pharma Limited.
• Mr. Yugandhar Puvvala, CEO, Eugia Pharma Specialities Limited.
• Mr. Swami Iyer, CEO, Aurobindo Pharma, USA.
• Mr. V. Muralidharan, CEO, Europe Formulations Business.
• Mr. S. Subramanian, CFO, Aurobindo Pharma Limited.
We will begin the call with the summary highlights from the management followed by an
interactive Q&A session. Please note that some of the matters we will discuss today are
forward-looking, including and without limitations, statements relating to the
implementation of strategic actions and other affirmations on our future business, business
development and commercial performance. While these forward-looking statements
exemplify a judgment and future expectations concerning the development of a business, a
number of risks, uncertainties, and other important factors which may cause developments
and results to vary materially from our expectations. Aurobindo Pharma undertakes no
obligation to publicly revise any forward-looking statements to reflect in future events or
circumstances.
With that, I will now hand over the call to our CFO for the business highlights. Over to you,
Sir.
S. Subramanian: Good morning, everyone. Welcome to Aurobindo Pharma Q2 FY27 earnings
call. Thank you for joining us. Today, we will take you through our performance for the
quarter, along with the strategic priorities that we believe will shape the Aurobindo’s next
phase of growth. We are working to translate the scale of the established business, strength
of our development pipeline and the capacities created through recent investment into
sustainable commercial growth.
Key objective highlights for the quarter: We completed the acquisition of Lannett, further
strengthening our US presence and expanding our capabilities in complex and controlled
Aurobindo Pharma Limited
05 November 2026
substances. The acquisition provides opportunities to enhance our product portfolio, leverage
our existing commercial capabilities and drive incremental growth. The A1 Biochem
acquisition makes an important step towards establishing an integrated, end-to-end small
molecule CRDMO business, with capability spanning the value chain and experience of
handling the development portfolio of more than 800 projects. We launched ADQUEY, our
first new chemical entity / NDA product for atopic dermatitis, alongside the launch of the
dedicated dermatology business and unit focused on developing and commercializing high-
value dermatology products. The launch of key products such as generic Advair and the
approval of generic QVAR marked the milestones in our expansion into the high-value
respiratory segment, leveraging our capabilities in complex inhalation products. The Raleigh
unit recently received a VAI classification, supporting the regulatory pathway for additional
filings and approval in transdermal, dermal and respiratory products, and reinforcing our
plans to expand in these differentiated segments.
Business performance: We are pleased to report our highest ever revenue for the quarter of
10,263 crores, representing year-on-year growth of 24%. This performance reflects
contribution from our core market, successful integration and continued progress across our
strategic growth priority.
Operating EBITDA was 2,156 crores, growing at 28% year-on-year with a margin of 21%,
despite increase in input cost and freight rate. Our focus remains on sustained profitability
through product mix improvement, manufacturing efficiencies and disciplined spending and
better utilization of our assets.
Formulation generated revenue of 9,102 crores, growing 24% year-on-year and accounting
for approximately 89% of the consolidated revenue. Our Formulation franchise continues to
benefit from its geographical breadth, product diversity and ability to compete across a range
of market segments.
API revenue stood at 1,162 crores, growing 21% year-on-year and contributing approximately
11% of the overall revenue. In addition to this direct contribution, API business supports the
reliability, competitiveness and integration of our broader manufacturing model.
In the US, revenue was 4,555 crores, equivalent to USD 477 million, reflecting growth of 25%
year-on-year. Our focus remains on maximizing the potential of our established portfolio,
while accelerating the launch of complex and differentiated products, which are expected to
contribute increasingly to our growth and product mix. During the quarter, we launched 10
products in the US, filed 7 ANDAs and received 12 final approvals.
Europe delivered revenue of €288 million, with constant currency growth of 18%. We
continue to build on our established market presence, product portfolio and operating
capabilities. Revenue from growth market is 1,026 crores or USD 107 million, representing
year-on-year growth of 16%. Our approach is to deepen market presence, broaden access to
our portfolio and sustain mo
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