NSEPress Release5 Aug 2026 · 5 Aug 2026, 06:06 pm
Press Release
Cohance Lifesciences Limited · COHANCE
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Cohance Lifesciences Limited has announced its unaudited financial results for the first quarter ended June 30, 2026, with revenue from operations of ₹4,223 million, down 23.1% year-on-year, and adjusted EBITDA of ₹92 million. The company has guided for a strong growth rebound in the second half of the year, supported by secured orders, scheduled deliveries, and progress across its late-stage pipeline.
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Cohance Lifesciences Limited has informed the Exchange regarding a press release dated August 05, 2026, titled "Press Release".
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5 August 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 ended 30
June 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 Q1FY27 Results
Q1 as guided, Strong Growth rebound in H2
Hyderabad/Mumbai, August 05, 2026
Cohance Lifesciences Limited (formerly Suven Pharmaceuticals Limited), a leading global CDMO (Contract
Development and Manufacturing Organization), today announced its unaudited financial results for the first
quarter ended June 30, 2026.
Q1FY27 Financial Performance
• Q1FY27 reported revenue from operations of ₹4,223 million, down 23.1% year-on-year. Gross margins
contracted to 71.5% from 73.0% in Q1FY26, largely due to product mix and a lower contribution from
the CDMO business at 38%, reflecting the lumpy nature of the business and Phasing of orders towards
• Adjusted EBITDA was ₹92 million. The reduction reflects the lower revenue base, negative operating
leverage and the impact of subsidiary consolidation. Standalone Adjusted EBITDA margins were at
9.2%.
• The standalone business generated revenue of ₹3,599 million and adjusted EBITDA of ₹332 million,
representing a margin of 9.2%. Sapala contributed revenue of approximately ₹274 million, while NJ Bio
reported revenue of ₹350 million and an adjusted EBITDA loss.
• Capital expenditure during the quarter was approximately ₹598 million. Consolidated net cash stood
at approximately ₹2,512 million as of June 30, 2026.
Mr. Umang Vohra, Executive Chairman and Group CEO, said: “As we had guided, Q1 has been
weak on both revenue and EBITDA and would be our lowest quarter ever. The quarter has played
out accordingly. From here, we expect improvement in Q2 and a return to year-on-year growth
from the second half, supported by secured orders, scheduled deliveries and progress across our
late-stage pipeline. We have also acted on two immediate priorities: building one integrated
nucleic-acid business with a clear path to full ownership of Sapala, and repositioning
Agrochemicals towards an innovator-product-led portfolio. Underpinning these actions is the
One Cohance culture bringing our scientific capabilities, teams and operating practices together
around common standards of safety, quality, accountability and customer focus”.
Press Release
Strategic initiatives:
• Management has acted on two immediate priorities
Building one integrated nucleic-acid business with clear leadership and a defined path to full
ownership of Sapala.
Repositioning Agrochemicals towards a broader innovator-product-led portfolio.
Key Business Highlights of Q1FY27
• Pharma CDMO: Two recently commercialised molecules are scheduled for delivery across Q2 and Q3.
A significant restocking order was secured for a commercial molecule affected by inventory
destocking in FY26, providing delivery visibility for Q4 FY27 and FY28.
• Late-stage pipeline: One product advanced to Phase III programme and participation expanded in an
existing fast-track Phase III programme. The RFQ pipeline strengthened through additional late-stage
and commercial enquiries, especially in ADC – payload-linker segments and Oligo.
• ADCs: Execution progressed across payload, payload-linker and bioconjugation programmes. A
customised payload order remains on schedule for Q2 delivery, while the expanded MMAE and
Exatecan portfolio is seeing encouraging customer interest as innovators diversify supply chains.
• Nucleic acids: Shipments commenced under a specialised building-block programme supporting an
orphan-drug candidate. Cohance is aligning R&D, business development, manufacturing and
commercial execution around an integrated nucleic-acid offering anchored in Sapala, while
progressing GMP operationalisation and validation of priority amidites.
• API+: The API business remained resilient, supported by pricing and product mix. The Company
received validation orders for additional product grades, secured two CEP approvals and filed two
Korean DMFs. Formulations performance was softer, while remediation and operational normalisation
at Nacharam continued in-line with plan.
• Specialty Chemicals: Performance Materials progressed in line with plan. Agrochemicals reflected
expected H2-weighted phasing, while an active-ingredient programme advanced into registration and
qualification campaigns with Japanese innovators progressed.
• Quality and execution: Multiple customer audits across the Pharma CDMO and API manufacturing
network were completed without any critical observation. Commercial OTIF remained at 100% year to
date.
• EcoVadis Gold Rating: Cohance's sustainability assessment score progressed from Silver to Gold,
reflecting the strength of our environmental, social and governance performance.
• British Safety Council International Safety Award 2026 (Merit) was awarded to our two API sites and
two CDMO sites, recognising excellence in health, safety and wellbeing management
-ENDS-
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. Leveraging a combined
platform with state-of-the-art facilities in India and the U.S., Cohance delivers integrated solutions from
early development to commercial supply for leading global pharma 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
Email: cyndrella.carvalho@cohance.com Email: gavin@cdr-india.com;
konpal@cdr-india.com
Press Release