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August 12, 2026
To, To,
Listing Department, The National Stock Exchange of India
BSE Limited Ltd.
Phiroze Jeejeebhoy Towers, The Listing Department
Dalal Street, Exchange Plaza,
Mumbai – 400 001 Bandra – Kurla Complex,
Ref: BSE Scrip Code: 544497 Mumbai – 400051,
NSE Scrip Code: AHCL
Subject: Sub: Outcome of Q1 & FY/26-27 Earnings Conference Call – Transcript
Dear Sir/Madam,
With reference to our letter dated July 31, 2026 related to the Earnings Conference call
and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI-LODR”), we would
like to inform that the transcript of the Earnings Conference call held on Thursday, August
06, 2026 at 04:00 P.M. (IST) is attached herewith.
This will also be hosted on the Company’s website at
https://www.anlon.in/reports.php?subid=15&name=Investor-Meet.
You are requested to take the above information on your record.
Thanking You.
Yours Faithfully,
For ANLON HEALTHCARE LIMITED
PUNITKUMAR RASADIA
MANAGING DIRECTOR
DIN: 06696258
ANLON HEALTHCARE LIMITED
CIN No.: L24230GJ2013PLC077543
REGISTERED OFFICE: 101/102, Silver Coin Complex, Opp. Crystal Mall, Kalawad Road,
Rajkot-360005, Gujarat (INDIA)
PHONE NO.: +91-7069690081/82 | Email: info@anlonhealthcare.com | www.anlon.in
Anlon Healthcare Limited
Q1 and FY26-27 Earnings Conference Call
Event Date / Time: 06/08/2026, 04:00 PM
Moderator: Ladies and gentlemen, good evening and welcome to Anlon Healthcare Limited Q1 FY27 conference
call hosted by ConfideLeap Partners. As a reminder, all par(cid:415)cipant lines will be in the listen-only mode and there
will be an opportunity for you to ask the ques(cid:415)on a(cid:332)er the opening remark concludes. Please note the conference
has been recorded. Before we begin, I would like to point out that this conference may contain forward-looking
statements about a company which are based upon the belief, opinion, and expecta(cid:415)on of a company as of the
date of the call. This statement does not guarantee the future performance of a company and it may involve risks
and uncertain(cid:415)es that are difficult to predict. At ConfideLeap Partners, we represent the investor rela(cid:415)on for Anlon
Healthcare Limited. The company is represented by Mr. Punit Rasadia, who is the chairman and managing director.
I would now like to hand over the call to Mr. Punit Ji for his opening remark. Thank you, and over to you, sir. I would
request everyone to be on call. We will be connec(cid:415)ng with the management in a couple of minutes. Thank you.
Punit Rasadia: Am I audible?
Moderator: Yes. Yes, Punit Ji, you can start with your opening remark. You're audible.
Punit Rasadia: Good evening, everyone and warm welcome to Anlon Healthcare Limited Q1 FY27 earnings
conference call. Thank you all for joining us today. Before I discuss our financial performance, I would like to address
our EBITDA margin for the quarter as we believe it is important to provide context upfront. During Q1 FY27, our
EBITDA margin moderated to approximately 17%, primarily due to two factors. First, we witnessed a sharp increase
in a raw material price during the quarter due to global geopoli(cid:415)cal situa(cid:415)on, which temporarily impacted our cost
structure. Second, following the acquisi(cid:415)on of Remember India Health links, its opera(cid:415)ng expense are now
consolidated to Anlon's financial. Remember India Health links is currently in an investment and turnaround phase
as we build and strengthen the business. This has also weighted our own consolidated margin in the near terms.
We've already ini(cid:415)ated appropriate price revisions to offset the higher input cost and remain focused on driving
opera(cid:415)onal efficiencies across the group. As raw material prices stabilize and the benefits of integra(cid:415)on begins to
flow through, we expect EBITDA margins to gradually recover, and we are working towards stabilizing them in the
25% to 30% range during Q2 and Q3 of FY27. With the context, let me take you through our Q1 FY27 performance.
On a consolidated basis, total income for a quarter stood at 87.62 crore compared to 33.31 crore in Q1 FY26,
represen(cid:415)ng a significant increase driven by largely the consolida(cid:415)on of our recent acquisi(cid:415)on along with organic
growth in our core businesses. EBITDA for the quarter stood at 15.65 crore compared to 6.26 crore in the
corresponding quarter last year, while profit a(cid:332)er tax stood at 8.28 crore compared to 3.55 crore in Q1 FY26. While
the EBITDA margin moderate for the reason I just outlined, the underlying scale of our business has expanded
meaningfully. Let me now turn to the strategic development during the quarter, which are important in
understanding the broader transforma(cid:415)on underway at Anlon. Q1 FY27 was transforma(cid:415)onal quarter for Anlon in
terms of how we are reshaping and broadening the business. During the quarter, we completed the acquisi(cid:415)on of
Remember India Health links, acquiring a 63.98% stake, with the transac(cid:415)on which was completed on 8th of the
May 2026. Remember India Health links is engaged in the manufacturing and marke(cid:415)ng of finished pharmaceu(cid:415)cal
formula(cid:415)on including tablet, capsule, and ointment, which provides us access to over 30 formula(cid:415)on dossiers as
well. This is an important step in Anlon's evolu(cid:415)on as it marks our entry into finished dosage formula(cid:415)on. Un(cid:415)l
now, our focus has largely been on pharmaceu(cid:415)cal intermediates and API, which serve as key input for the
pharmaceu(cid:415)cal formula(cid:415)on. With this acquisi(cid:415)on, we are beginning to transi(cid:415)on from the API-focused
manufacturer into a more integrated pharmaceu(cid:415)cal company with a presence across B2B APIs, domes(cid:415)c retail and
hospital markets. Over (cid:415)me, we believe this will provide us a broader pla(cid:414)orm and strengthen our marke(cid:415)ng
posi(cid:415)on. Alongside this, we con(cid:415)nue to advance our capacity expansion and backward integra(cid:415)on strategy. Apiqo
Organics, which is now a subsidiary of Anlon, strengthens our backward integra(cid:415)on capabili(cid:415)es for cri(cid:415)cal
pharmaceu(cid:415)cal intermediate as well as our upcoming industrial and fine chemical business as well. Apiqo provides
us with a ready and established manufacturing pla(cid:414)orm, suppor(cid:415)ng improved cost compe(cid:415)(cid:415)veness and supply
security, while Bizo(cid:415)c Lifesciences provides a ready-to-operate manufacturing facility reducing the execu(cid:415)on risk
and (cid:415)meliness associated with se(cid:427)ng up greenfield capacity while further strengthening our regulatory readiness.
Taken together, this acquisi(cid:415)on has helped expand our installed manufacturing capacity to approximately 1400 to
1600 metric ton per annum. To summarize our strategic direc(cid:415)on, Anlon is evolving from a company focused
primarily on pharmaceu(cid:415)cal intermediates and API into a broader integrated pharmaceu(cid:415)cal pla(cid:414)orm spanning
intermediates, APIs, custom manufacturing, finished dosage formula(cid:415)on, and industrial and fine chemical. Each
acquisi(cid:415)on has been undertaken with a clear strategic purpose for backward integra(cid:415)on and cost compe(cid:415)(cid:415)veness
through Apiqo, faster capacity scale-up through Bizo(cid:415)c and expansion across the pharmaceu(cid:415)cal value chain
through Remember Health links. We remain confident in our mid-term growth trajectory and con(cid:415)nue to work
towards our target approximately 30% revenue CAGR over the next three years, supported by our expanded
manufacturing pla(cid:414)orm, regulatory capabili(cid:415)es, diversified product por(cid:414)olio, and acquisi(cid:415)on we have undertaken.
As men(cid:415)oned earlier, we expect EBITDA margins to gradually no
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