ScoutQuest4 Nov 2026
Ind-Swift Laboratories532305Quarterly results

Ind-Swift Laboratories Q2 FY27 presentation: revenue ₹230.23 crore, PAT ₹31.03 crore, margin 18.02%

Q2 FY27 standalone revenue ₹230.23 crore with PAT ₹31.03 crore; management says operating income grew over 50% year on year and EBITDA margin reached 18.02%.

By ScoutQuest · · 1 min read

416.35 (INR Cr)
Q2 FY27230.23 (INR Cr)H1 FY27416.35 (INR Cr)
Revenue, standalone: 230.23 (INR Cr) (Q2 FY27) and 416.35 (INR Cr) (H1 FY27).
Q2 FY27 standalone revenue
₹230.23 crore
Q2 FY27 operating EBITDA
₹42.33 crore at an 18.02% margin
Q2 FY27 PAT
₹31.03 crore at a 13.21% margin
Period
Q2 FY27
Positioning
Presents itself as a focused FDF manufacturer built on a net-debt-free balance sheet, a Global Business Unit present in 85+ countries, 3,000 domestic stockists and a pivot towards chronic ethical therapies.

📈 Q2 FY27 standalone revenue was ₹230.23 crore and total revenue ₹242.49 crore, up 25.18% quarter on quarter; operating EBITDA was ₹42.33 crore at an 18.02% margin and PAT ₹31.03 crore at a 13.21% margin. Management states that operating income grew over 50% year on year in the quarter, with margins lifted by mix and operating leverage.

📈 For H1 FY27 the standalone numbers were revenue of ₹416.35 crore and total revenue of ₹436.20 crore, up 31.83% year on year, while operating EBITDA rose 4.5x to ₹75.65 crore from ₹16.98 crore and PAT 3.3x to ₹55.47 crore from ₹16.88 crore. The company attributes the improvement to core operations, a lower raw material share of revenue and a shift towards higher-margin business.

📉 Working capital moved against the company over the half year: cash and cash equivalents fell to ₹322.81 crore from ₹388.31 crore, inventories rose to ₹168.35 crore from ₹102.83 crore and trade receivables to ₹234.79 crore from ₹168.53 crore. Management still describes the balance sheet as net-debt-free and says the ₹250 crore capex programme is funded through internal accruals.

🏭 The presentation lists FY27 revenue growth of more than 50%, a medium-term revenue CAGR of 20-25% and EBITDA margin expansion of 200-300 bps, with topline scaling from ₹636 crore to ₹1,500+ crore by FY30; it also says CDMO will deliver ₹200 to 220 crore over two years. As backing, it prints Atorvastatin export revenue of ₹8,549.74 lakh in FY26 versus ₹4,795.71 lakh in FY25 and cites 2,100+ dossiers shared and 540+ registrations owned.

More numbers
  • Revenue, Q2 FY27 standalone230.23 (INR Cr)
  • Total operating EBITDA, Q2 FY2742.33 (INR Cr)
  • PAT, Q2 FY2731.03 (INR Cr)
  • Operating EBITDA margin, Q2 FY2718.02%
  • Revenue, H1 FY27 standalone416.35 (INR Cr)
  • PAT, H1 FY2755.47 (INR Cr)
  • Total revenue year-on-year change, H1 FY2731.83%
  • Cash & cash equivalents, H1 FY27322.81 (INR Cr)
  • Capex programme₹250 crore
  • Atorvastatin export revenue, FY268549.74 (INR Lakhs)
Source: BSE · 4 Nov 2026

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