FDC Limited reports significant Q2 and H1 FY26 revenue, profit decline

FDC Limited announced its unaudited consolidated financial results for Q2 FY26 and H1 FY26, ending September 30, 2025. The company reported a 7.9% year-over-year (Y-o-Y) de-growth in Q2 FY26 revenue from operations, totaling Rs. 473 crores, primarily due to lower sales in domestic formulations. For H1 FY26, revenue from operations stood at Rs. 1,121 crores, a 2.7% de-growth.

EBITDA for Q2 FY26 fell by 49.7% Y-o-Y to Rs. 35 crores, with margins at 7.5% compared to 13.7% in the previous year. This decline was attributed to strategic expenditures, including higher research and development expenses and increased employee costs for field force expansion. Net profit after tax (PAT) for Q2 FY26 decreased by 60.6% to Rs. 28 crores, and EPS fell by 60.7% to Rs. 1.74.

Despite the overall decline, export formulations (non-US) showed a 34.3% Y-o-Y growth in Q2 FY26, reaching Rs. 46 crores. API business also registered a 6.8% Y-o-Y increase, with sales of Rs. 31 crores. The US business saw a 29.9% Y-o-Y growth in supplies for H1 FY26, contributing Rs. 23 crores, although overall US business revenue was down due to lower profit share from partners.