Shilpa Medicare Q4 Results 2026: Profit Jumps 147% as Record Revenue Signals Strong Growth

Shilpa Medicare Q4 Results 2026: Profit Jumps 147% as Record Revenue Signals Strong Growth

Shilpa Medicare Limited reported a strong set of Q4 results 2026, with the pharmaceutical company posting its highest-ever quarterly revenue and EBITDA, driven by robust growth in formulations, APIs, and improving operating leverage.

For the quarter ended March 2026, Shilpa Medicare’s consolidated revenue rose 30% year-on-year to ₹439 crore, compared to ₹338 crore in the same period last year. Gross profit increased 27% to ₹297 crore, while EBITDA climbed 40% to ₹121 crore, pushing EBITDA margin higher to 28% from 26% a year ago.

The standout figure in the Q4 results 2026 was adjusted net profit, which surged 147% YoY to ₹87 crore, up sharply from ₹35 crore in Q4FY25. On a sequential basis, profit also rose 59%, reflecting stronger product sales and better cost efficiency.

For the full fiscal year FY26, the company posted revenue of ₹1,549 crore, marking an 18% increase over FY25. Adjusted PAT came in at ₹232 crore, up 135%, while reported PAT jumped 211% to ₹243 crore. EBITDA reached a record ₹445 crore, with margins expanding to 29%.

The strong Q4 results 2026 were supported by solid performance in the formulations segment, where revenue jumped 54% in the quarter to ₹205 crore, led by domestic growth and the launch of Noduca™ for NAFLD treatment.

Shilpa Medicare also improved its balance sheet strength, with net debt-to-EBITDA falling to 1.4x from 1.6x, while ROCE improved to 17.4%. Looking ahead, investors will watch upcoming launches, including its Rotigotine patch and ADC facility commissioning in FY27, as the company builds momentum in specialty pharma and biologics.

Shilpa Medicare Q4 results 2026 Snapshot

MetricQ4 FY26Q4 FY25Growth
Revenue₹439 Cr₹338 Cr+30%
Gross Profit₹297 Cr₹234 Cr+27%
EBITDA₹121 Cr₹87 Cr+40%
EBITDA Margin28%26%+200 bps
Adjusted PAT₹87 Cr₹35 Cr+147%
PAT Margin20%10%+1000 bps

Shilpa Medicare FY26 Full-Year Performance

MetricFY26FY25Growth
Total Revenue₹1,549 Cr₹1,310 Cr+18%
Gross Profit₹1,088 Cr₹899 Cr+21%
EBITDA₹445 Cr₹343 Cr+30%
Profit Before Tax₹283 Cr₹153 Cr+85%
Adjusted PAT₹232 Cr₹99 Cr+135%
Reported PAT₹243 Cr₹78 Cr+211%

Key Financial Strength Indicators

IndicatorFY26FY25Trend
ROCE17.4%15.0%Improved
Net Debt / EBITDA1.4x1.6xLower Debt
Total Borrowings₹658 Cr₹586 CrStable
Net Capex₹172 Cr₹216 CrReduced
Cash Balance₹46 CrHealthy

Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8fbdf4d-cadc-4d71-b78c-359c6dc287ea.pdf