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Q2FY27 PAT Rises 39 percent YoY on 20 percent Revenue Growth

BusinessManasi Praharaj02 Nov 2026

Hyderabad, November 02nd, 2026: Granules India Ltd., a vertically integrated pharmaceutical company, today announced its financial results for the quarter ended September 30, 2026. 

Financial Summary (All numbers in INR Mn) 

QUARTERLY CONSOLIDATED FINANCIALS  Q2FY27  Q1FY27 Growth (QoQ)  Q2FY26 Growth (YoY)
Revenue from Operations 15,600 14,768 6% 12,970 20%
EBITDA 3,376 3,389 0% 2,782 21%
EBITDA % 22% 23%   21%  
PBT 2,434 2,404 1% 1,759 38%
PAT 1,818 1,800 1% 1,306 39%
PAT % 12% 12%   10%  

 

Financial and Business Summary for Q2FY27

  • Revenue from Operations of Q2FY27 stood at INR 15,600 Mn, a growth of 20% YoY, Revenue share from the North America is 72% in Q2FY27 as compared to 76% in Q2FY26 and from the Europe is 16% in Q2FY27 as compared to 12% in Q2FY26.
  • Finished dosages (FD), Active Pharmaceuticals Ingredients (API), Pharmaceutical Formulation Intermediates (PFI), and Peptides CDMO contribute 73%, 13%, 10% and 3% of revenue from operations respectively for Q2FY27.
  • ROCE is at 17.6% in Q2FY27 in par with FY26.
  • Closed the quarter with a net cash position of ₹8,280 million, compared with net debt of ₹1,012 million in Q1 FY27.

Commenting on the results, Dr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, “Our Quarterly revenue has crossed ₹1500 Cr in Q2 FY27 with EBITDA of ₹338 Cr, despite higher input and logistics costs from tensions in West Asia. Cost pressures will persist and we are working with customers to manage them with a lag. We filed two potential first-to-file ANDAs in H1, which makes it a total of three potential first to file ANDAs and continue to shift towards complex generics and peptide CDMO. With the balance warrant proceeds received, we hold net cash of ₹828 Cr to invest in R&D, manufacturing and quality”.

“We recently concluded a US FDA audit at the Gagillapur site, The inspection progressed constructively and the observations are of a nature that we believe can be fully addressed through our responses and corrective and preventive actions and we will continue to engage transparently with the agency.”